Gross domestic product grew 0.4 in February, according to a Bloomberg article citing Statistics Canada. A preliminary estimate for March shows indicates growth of 0.9, which would be the 11th-straight monthly gain in GDP. At this pace, output should return to pre-pandemic levels by the second half of this year. Economists were anticipating a larger gain of 0.5 in February. Growth in the first quarter came in at about the 7 annualized pace anticipated by the Bank of Canada. Output in March is about 1.3 below monthly levels recorded in February 2020. On a quarterly basis, GDP is also within 1.5.
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