OTTAWA — Statistics Canada says the economy was growing for a fourth straight month in February, though there were signs momentum was fading toward the end of the first quarter.
The agency said Thursday that a 0.2 per cent increase in real gross domestic product for February was led by a 1.8 per cent gain in the manufacturing sector, which marked its fastest pace of growth in more than three years.
The machinery subsector led growth in the month, followed by gains from transportation equipment manufacturing. Statistics Canada noted that several auto assembly plants in Ontario were ramping back up in February after shutting down for retooling and maintenance
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