Canada February GDP +0.2% vs +0.3% expected

Prior was +0.6% (revised to +0.5%)Services industries +0.2% vs +0.7% priorGoods 0.0% vs +0.2% priorManufacturing -0.4% vs +0.9% priorMarch advance GDP 0.0%

After declining 2.3% in January, mining, quarrying, and oil and gas
extraction increased 2.5% in February, expanding for the fourth time in
five months and driving the gains. Transportation and warehousing also increased, rising 1.4% in February in the largest monthly growth rate since January 2023.

USD/CAD is higher after the data but it’s due to broad US dollar buying following hot wage data.

This article was written by Adam Button at www.forexlive.com.