Canada's Gross Domestic Product grew by 0.4% on a monthly basis in January as economic activity continued the momentum of the last few of months, data showed on Friday. Canada's economic activity has grown at a brisk pace in the last two quarters registering an annualized growth of well over 2%,

Canada’s economy showed signs of stalling after notching the strongest growth in months at the start of the year, a possible early sign that an erosion in household and business confidence thanks to tariff threats is beginning to drag on growth.

Canada’s economic growth came to a halt after a solid start to the year as tariff threats mounted. Advance data showed gross domestic product was unchanged in February, Statistics Canada said Friday.