Canada’s economic growth slips, ending four months of gains

, Investment

The Canadian dollar kept its gains Friday despite downbeat data on the Canadian economy.

OTTAWA — The Canadian economy wasn’t expected to turn in a stellar performance in February, certainly not after a “blowout” start to the year. And that’s just what we got.

Gross domestic product declined by 0.1 per cent during the month, Statistics Canada said Friday — in line with most economists’ forecasts — following surprisingly strong growth of 0.6 per cent in January.

The pull-back in February was led by declines in manufacturing, wholesale trade and the resources sector, ending a string of gains over the past four months.

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