Canada GDP grew 0.5% mom in January, above expectation of 0.3% mom. Goods-producing industries grew 0.4% mom while services-producing industries grew 0.6% mom. 17 of 20 industrial sectors posted increases.
Advance information indicates that real GDP increased 0.3% mom in February. Increases in the mining, quarrying, and oil and gas extraction, manufacturing, and finance and insurance sectors were slightly offset by decreases in construction, wholesale trade, and accommodation and food services.
