Canada's GDP contracted by 0.2% in February, but is expected to see slight growth in March.

Data released on Wednesday showed that Canada's GDP in February fell by 0.2% compared to the previous month, marking the first month-over-month decline since November last year, due to shrinking activities in mining, oil and gas, and construction sectors. President Trump's constant threats of imposing tariffs have pushed many people to make purchases ahead of time, but with increasing inventories, concerns about tariffs have dampened demand, hindered investment, and started to show up in various economic indicators. The drop in house prices in February was also partially attributed to severe weather and blizzards in various provinces in Canada. Statistics Canada said that the Canadian economy may grow by 0.1% in March and the GDP for the first quarter is expected to grow by 1.5% on an annualized basis.