Global Markets: Canada’s economy grows

WINNIPEG – The following is a glance at the news moving markets in Canada and globally.

– Statistics Canada (StatCan) reported today that the country’s economy grew by 0.1 per cent in February, while also estimating a rise of 2.5 per cent for the first quarter of 2023. Wholesale and retail trade, as well as manufacturing all contracted in February, leading to the month’s figure being lower than expected. However, finance, construction and the public sector all grew during the month. StatCan also estimated a 0.1 per cent decline in gross domestic product (GDP) for March.

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– Nineteen people are dead after Russia used more than 20 cruise missiles and two drones to attack the Ukrainian cities of Kyiv and Urman on Friday. The attack marked the first against the Ukrainian capital since March 9 and the missiles were launched from Russian aircraft over the Caspian Sea.

– China’s military flew 38 fighter jets and sent six navy vessels near Taiwan on Thursday and Friday, according to the Taiwanese defence ministry. Nineteen aircraft flew across the midline in the Taiwan strait between the island of Taiwan and the Chinese mainland. The Chinese government believes Taiwan is part of its territory.