Canada’s GDP grows 0.3% in January, beating expectations

Source: The Canadian Press, March 29, 2019 

The Canadian economy expanded by 0.3 per cent in January, reversing two months of negative growth in November and December.

Statistics Canada says real gross domestic product grew 0.3 per cent in January as the economy bounced back after contracting in November and December.

Economists on average had expected no growth for the month, according to Thomson Reuters Eikon.

The growth came as 18 of 20 industrial sectors moved higher. Goods-producing industries increased 0.6 per cent, led by growth in manufacturing and construction.

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Image Source: Sean Kilpatrick/CP

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