FX.co ★ Canada's Economy Likely Stagnated in February

In February 2025, Canadian GDP remained steady compared to the previous month. This came as manufacturing, finance, and insurance sectors experienced growth, which balanced out declines in real estate, rental, leasing, oil and gas extraction, and the retail trade sectors, according to a preliminary estimate. Meanwhile, January saw a 0.4% GDP increase month-over-month, building on December's momentum and surpassing initial projections of a 0.3% rise. The goods-producing sectors experienced a 1.1% uptick due to improvements in utilities, mining, quarrying, and oil and gas extraction. Conversely, the services sector saw a modest 0.1% rise, with retail trade notably hindering overall growth.