Canada’s Economy Got Hot in January, but StatCan Points to February Chill

Steel workers work at the ArcelorMittal Dofasco steel plant in Hamilton, Ont., on March 12, 2025. The Canadian Press/Nathan Denette

Statistics Canada says the Canadian economy was off to a solid start in January but early signs suggest growth hit a wall in February.

The agency said Friday that real gross domestic product rose 0.4 percent in January thanks largely to a boom in the oil and gas, quarrying and mining industries.