Real gross domestic product (GDP) rose 1.1% in February in Canada, the highest monthly growth rate since March 2021.
The massive increase in most sectors contributed to the ninth consecutive monthly increase in the economy’s output, according to Statistics Canada.
Services manufacturing industries grew 0.9% while goods manufacturing industries rose 1.5%, driven by increases in 16 of the 20 industries in February.
The mitigation of the effects of the Omicron variant nationwide has resulted in the relaxation of sanitary measures. The housing and food services sector benefited, jumping 15.1% in February, reversing most of the declines seen in the past two months.
The arts, entertainment and recreation sector bounced back in easing and rose 8.4% in February, following a two -month decline.
The transportation and warehousing sector rose 3.1%, the construction sector 2.7%and the mining, quarrying, and oil and gas, 3.4%.
Advance information from Statistics Canada says real GDP rose 0.5% in March nationwide.
Source: Radio-Canada
