BUSINESS
04/30/2014 08:45 EDT | Updated 06/30/2014 05:59 EDT

Canada's Economy Growing As Expected, But Lack Of Hockey Proves A Drag

Mark Buckner via Getty Images
ST. LOUIS, MO - FEBRUARY 04: Stephane Da Costa #24 of the Ottawa Senators scores on Jaroslav Halak #41 of the St. Louis Blues during shootouts of an NHL game on February 4, 2014 at Scottrade Center in St. Louis, Missouri. (Photo by Mark Buckner/NHLI via Getty Images)

Canada's economy grew in line with economists' expectations in February. StatsCan reported the country's GDP expanded 0.2 per cent during the month.

The goods and resources sectors led the way, with mining showing an impressive 4.8-per-cent jump.

But there was a negative surprise: The arts and entertainment sector shrank a whopping 5 per cent that month.

Why? BMO chief economist Doug Porter says it had to do with the two-week shutdown of the NHL during the Sochi Olympics -- "proving, once again, hockey matters to this economy."

The Canadian Press reports:

OTTAWA - Statistics Canada says the economy grew by 0.2 per cent in February.

It says the output of goods-producing industries rose 0.5 per cent, led by increases in mining and oil and gas extraction as well as manufacturing.

Utilities also advanced, while construction was unchanged.

The agriculture and forestry sector declined.

The output of service industries edged up 0.1 per cent in February.

Increases in wholesale trade, retail trade, accommodation and food services and the public sector were mostly offset by declines in arts and entertainment, professional services and the finance and insurance sector.

Also on HuffPost

Most Valuable NHL Teams 2013