Highlights of the Canadian February GDP report:

  • In January, GDP fell 0.1% (revised to -0.2%)
  • GDP up 1.9% y/y vs +2.1% exp
  • Goods -0.2%
  • Services +0.1%
  • retail trade rose 1.5%
  • Wholesale trade fell 0.8% in February after decreasing 2.3% in January
  • Manufacturing output declined 0.8% in February after decreasing 0.7% in January
  • Mining, quarrying, and oil and gas extraction fell 0.6% in February
  • Full report from StatsCan

Canada is one of the few countries that releases GDP monthly.

By industry:

StatsCan on retail trade:

There were notable increases at general merchandise stores, food and beverage stores, sporting goods and hobby, book and music stores as well as at motor vehicles and parts dealers. Activity was down at gasoline stations and building material and garden equipment and supplies dealers.