Canadian Monthly GDP Growth - April 30, 2013

The Canadian economy grew 0.3 per cent in February, building off of a similar gain in January.  At the industry level, economic growth was led by natural resource extraction activities but also received a boost from construction, forestry, and manufacturing. 

Economic growth has been stronger than expected over the first two months of the first quarter. As a result., we have revised our first quarter GDP growth estimate upward from 1.5 per cent to between 1.5 and 2 per cent.