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StatsCan: economy grew 0.4 percent in February

The growth was boosted by resource sector, Statistics Canada says


May 1, 2018
The Canadian Press
The Canadian Press

Image: Fotolia

OTTAWA—Statistics Canada says the economy grew 0.4 percent in February after a slight pullback of 0.1 percent in January.

The agency says the growth was led by a rebound in the mining and oil and gas extraction sector, which gained 2.4 percent for the month.

Overall, 15 of 20 industrial sectors saw growth.

Goods-producing industries grew 1.2 percent as manufacturing and construction rose in addition to the rebound in mining and oil and gas extraction.

The manufacturing sector rose 1.0 percent in February, while the construction sector gained 0.7 percent.

Meanwhile, the services-producing side edged up 0.1 percent, hurt by declines in wholesale trade and in the real estate and rental and leasing sector.