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CEO North America > News > Canada’s economy grew 0.7% in January

Canada’s economy grew 0.7% in January

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- Canada’s economy grew 0.7% in January
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Construction, manufacturing and real estate helped propel the growth, Statistics Canada said.

Statistics Canada says the Canadian economy grew 0.7 per cent in January.

The increase in real GDP compared with a gain of just 0.1 per cent in December. The growth also beat the agency’s preliminary estimate for January of 0.5 per cent.

It was the ninth consecutive monthly increase in economic growth since the plunge last year at the start of the coronavirus pandemic.

Nevertheless, total economic activity was still about three per cent below the level in February last year, before pandemic lockdown restrictions were imposed.

Statistics Canada’s preliminary estimate for February this year shows growth of 0.5 per cent for the month.

Tags: Canada

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