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Gross domestic product, the sum total of goods and services produced in the country, rose 0.2% to 1.56 trillion Canadian dollars ($1.53 trillion) in January, erasing the prior month's decline of the same magnitude, Statistics Canada said Thursday.
consensus call was for a 0.1% increase, according to a report from Royal Bank
Output in the goods-producing sector expanded 0.4% on the month, thanks to a 1.2% bounce-back in manufacturing and a 0.2% gain in mining, quarrying and oil and gas extraction.
The services-producing sector rose 0.2%, the most since June 2012, as wholesale trade expanded 0.7%. The arts, entertainment and recreation component snapped a six-month losing streak to grow 4.1%--the largest increase since February 2010--as the National Hockey League lockout ended.
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