The Canadian economy grew 0.2 per cent in February, with gains made in transportation and warehousing, Statistics Canada said on Tuesday.An aerial photo of trains and shipping containers at the CPKC Railway Yard in Vaughan, Ont. Canada's transportation and warehousing sector grew 1.4 per cent in February, a pace that StatsCan said was the largest monthly growth rate since January 2023. The Canadian economy grew a modest 0.
Rail transportation contributed significantly to that sector's growth in February, eking out a 5.5 per cent gain as it rebounded from a January cold snap. Pipeline transportation rose 1.6 per cent in February, offsetting January's decline, with crude oil and pipeline transportation rising 3.4 per cent.
Canada's GDP grew 0.5 per cent in January, helped by a rebound in educational services after public sector strikes ended in Quebec.
Source: Financial Digest (financialdigest.net)
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