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Canada's GDP Inches Up, Led by Retail and Goods Producers

Published 9 hours ago
Description

Canadas economy kicked off 2023 with a modest 0.1% growth in January, driven by robust goods-producing industries. Retail trade surged by 0.8%, with general merchandise stores and motor vehicle dealers leading the charge. Goods producers expanded for the second consecutive month, while services remained stagnant. Despite weather impacts, the overall performance was deemed solid, setting a positive tone for the first quarter.

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