OTTAWA — Weakness in the mining sector and troubles for the transportation sector caused by winter weather and a derailment that cut a key rail line weighed on the economy in February. Statistics Canada said Tuesday that domestic product contracted 0.1 per cent in February as both goods-producing and services-producing industries declined. Economists had expected no change in gross domestic product for February, according to Thomson Reuters Eikon. The weaker-than-expected reading for the economy in February followed the Bank of Canada's move to downgrade its outlook for economic growth. Meanwhile, transportation and warehousing fell 1.6 per cent, due to a 10.8 per cent drop in rail transportation as cold weather, heavy snowfalls and a derailment in B.C.

Source: Huffington Post April 30, 2019 15:00 UTC