Issue 20-72: Gross Domestic Product

April 30, 2020

Canadian real GDP by industry at basic prices (seasonally adjusted) was essentially unchanged in February, following three consecutive months of growth.

The goods-producing industries increased 0.1%. Mining, quarrying and oil and gas extraction (+0.8%), utilities (+0.3%) and construction (+0.1%) were up, while manufacturing (-0.2%) and agriculture, forestry, fishing and hunting (-0.2%) were down.

Services-producing industries remained unchanged, with growth in 10 out of 15 sectors in February. The gains were mainly from arts, entertainment and recreation (+0.9%), management of companies and enterprises (+0.9%), real estate, and rental and leasing (+0.5%) and wholesale trade (+0.4%). However, educational services (-1.8%), due to teachers’ strikes in Ontario, transportation and warehousing (‑1.1%), accommodation and food services (-0.9%), other services (expect public administration) (-0.4%) and administration and support (-0.2%) contracted.    

Source: Statistics Canada