Investing.com - Canada's economy expanded more-than-expected in February, recording growth for the second consecutive month, official data showed on Tuesday.
In a report, Statistics Canada said gross domestic product expanded by a seasonally adjusted 0.3% in February, above expectations for growth of 0.2%.
Canada’s economy grew by an upwardly revised 0.3% in January.
Canada’s gross domestic product expanded at an annualized rate of 1.7% in February, beating expectations for a 1.3% increase, following growth of 1% in the preceding month.
Following the release of the data, the Canadian dollar added to gains against its U.S. counterpart, with USD/CAD shedding 0.1% to trade at 1.0104.
In a report, Statistics Canada said gross domestic product expanded by a seasonally adjusted 0.3% in February, above expectations for growth of 0.2%.
Canada’s economy grew by an upwardly revised 0.3% in January.
Canada’s gross domestic product expanded at an annualized rate of 1.7% in February, beating expectations for a 1.3% increase, following growth of 1% in the preceding month.
Following the release of the data, the Canadian dollar added to gains against its U.S. counterpart, with USD/CAD shedding 0.1% to trade at 1.0104.