Canada’s economy shrank for the first time in five months in February, as the manufacturing, mining and energy sectors all slowed down.
Statistics Canada reported Friday that in addition to the sectors listed above, the agriculture and forestry sector also declined.
The retail, finance and insurance sectors were sources of strength, as was construction.
“Construction was a bright spot, up 0.1 per cent, probably helped by the mild winter (which we are now paying for in spades with this ridiculous spring, but I digress,” BMO economist Doug Porter said.
The different sectors of Canada’s economy expanded and contracted as follows during the month.