Canadian economic output stalled in February, as a drop in the factory sector offset robust gains in real estate and financial services.
The data ends a streak of three straight months of solid growth, and could signal the start of a slowdown as the Bank of Canada predicted in its last interest-rate decision.
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Canada's gross domestic product, or the broadest measure of goods and services produced in an economy, was unchanged in February from the previous month, holding at 1.71 trillion Canadian dollars ($1.26 trillion), Statistics Canada said Friday. Market expectations were for a 0.1% month-over-month gain, according to economists at Royal Bank of Canada.
On a year-over-year basis, GDP rose 2.5% in February.
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(END) Dow Jones Newswires
April 28, 2017 08:45 ET (12:45 GMT)