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Canadian economy continued to grow in March

Canadian economy continued to grow in March

Ottawa, Jun 2 (Prensa Latina) The national economy continued to growth in March for the 11th consecutive month, boosted by the relaxation of the restrictive measures taken to curb the Covid-19 pandemic, Statistics Canada reported.
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In March, Canada’s Gross Domestic Product (GDP) grew 1.1 percent, after a growth of 0.4 percent in February.

The sectors that influenced most in those positive results were retail sales, which rose 3.7 percent; construction (2.2 percent) and wholesale trade (1.8 percent).

Statistics Canada pointed out that despite the GDP’s growth in March, the country’s economic activity that month remained 1.0 percent below the increase reported in February 2020, when the Covid-19 pandemic broke out in the nation.

Preliminary statistics show that the GDP decreased 0.8 percent in April, and if that trend is confirmed, it would mean the first drop since the same month last year.

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