Canadian February growth data
- Prior was -0.1%
- Year over year at 3.0% vs 2.8% expected
- Prior was 2.7%
USD/CAD quickly down to 1.2840 from 1.2862 beforehand.
Looking through the details, mining, oil and gas extraction were big contributors. The service-producing sector expanded 0.1% while the goods-producing sector climbed 1.2%.
Under goods, the mining, oil and gas extraction industry added 2.4% after a 2.9% drop in January while agriculture climbed 0.5% after a 0.6% dip prior. Manufacturing rose 1.0% following a 0.5% in January and was up 4.9% y/y.
On the services side, wholesale trade was a 0.5% drag with transportation growing at the same clip.
