Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

OTTAWA — Statistics Canada says the Canadian economy contracted in February but early signs suggest moderate growth in March.
The agency says real gross domestic product decreased 0.2 per cent in February.
That was driven by a 0.6 per cent decline for goods-producing industries, with mining, quarrying, and oil and gas extraction and construction contributing the most to the decrease.
Services-producing industries edged 0.1 per cent lower in February as contractions in transportation and wa