- Prior was +0.6% (revised to +0.5%)
- Services industries +0.2% vs +0.7% prior
- Goods 0.0% vs +0.2% prior
- Manufacturing -0.4% vs +0.9% prior
- March advance GDP 0.0%
After declining 2.3% in January, mining, quarrying, and oil and gas extraction increased 2.5% in February, expanding for the fourth time in five months and driving the gains. Transportation and warehousing also increased, rising 1.4% in February in the largest monthly growth rate since January 2023.
USD/CAD is higher after the data but it's due to broad US dollar buying following hot wage data.
