FX.co ★ Canada's GDP Growth Softens in February 2024

Canada's economic growth showed signs of softening in February 2024, according to recently updated data. The country's GDP indicator, which had previously been at 0.5%, dipped to 0.2% in the same month. The comparison, on a month-over-month basis, revealed a slowdown in the pace of economic expansion.

The updated figures released on 30 April 2024, reflect the changing economic landscape in Canada during that period. The month-over-month comparison highlighted a decrease in the growth rate, indicating a potential cooldown in economic activity compared to the previous month. This data serves as a crucial indicator for policymakers and economists monitoring the country's economic performance and planning for future developments.