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Canada Jan GDP Growth Fastest In A Year, Flash Feb +0.4%

CANADA DATA
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  • Canada Jan GDP +0.6% vs +0.4% expected and the fastest pace in a year.
  • Jan growth was led by the education sector which rebounded by +6% after the end of strike activity. 
  • Statistics Canada's flash estimate says Feb GDP +0.4% with "broad-based" increases across sectors. 
  • In Jan, 18 of 20 sectors posted increases; goods producing industries +0.2% and service producing +0.7%. 
  • Dec GDP revised down to -0.1% from 0%. 
  • The growth in Jan and Feb could mean Q1 growth will be ahead of the BOC estimate of +0.5% annualized.
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  • Canada Jan GDP +0.6% vs +0.4% expected and the fastest pace in a year.
  • Jan growth was led by the education sector which rebounded by +6% after the end of strike activity. 
  • Statistics Canada's flash estimate says Feb GDP +0.4% with "broad-based" increases across sectors. 
  • In Jan, 18 of 20 sectors posted increases; goods producing industries +0.2% and service producing +0.7%. 
  • Dec GDP revised down to -0.1% from 0%. 
  • The growth in Jan and Feb could mean Q1 growth will be ahead of the BOC estimate of +0.5% annualized.