Economic reports from Canada still point to an economy struggling with sluggish performance. Reports show the Canadian GDP only inching ahead an anemic 0.2% in January, mainly on the strength of some growth in the manufacturing sector which includes mining and the oil industry. Entertainment and the arts were also up slightly as well, but other economic sectors such as finance and insurance contracted slightly during January.
The Canadian economic rebound seems to be lagging that of the U.S. which has posted better numbers recently, proving that the Canadian government needs to do more work to help to spur economic growth.
Apparently, that beaver pelt industry just isn’t as good as it once was.