Canada’s GDP continued to defy predictions of a recession with 0.5% growth in January that was the fastest in almost a year and a flash estimate of 0.3% growth in February.

January's gain included a 1.1% rebound in mining, oil and gas extraction, Statistics Canada said Friday from Ottawa. Service-producing industries rose by 0.6% and goods-producing industries by 0.4%, and there were gains across 17 of 20 sectors.

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Canada’s GDP continued to defy predictions of a recession with 0.5% growth in January that was the fastest in almost a year and a flash estimate of 0.3% growth in February.

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MNI: Canada's GDP Surge Defies Recession Bets