The Canadian economy grew 0.3 per cent in February, building off of a similar gain in January. At the industry level, economic growth was led by natural resource extraction activities but also received a boost from construction, forestry, and manufacturing.
Economic growth has been stronger than expected over the first two months of the first quarter. As a result., we have revised our first quarter GDP growth estimate upward from 1.5 per cent to between 1.5 and 2 per cent.
copyright BCREA - reprinted with permission
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