FXstreet.com (Barcelona) - Canadian Gross Domestic product has reversed December's losses in January on a monthly gain supported by wholesale trade and manufacturing, according to Statcan, the Canadian Statistics Office.

From December to January, Gross Domestic Product has increased 0.6%, bouncing back from the 0.7% decline posted in December. On the year, GDP rose 2.2% after having posted a 2.9% rise in December.

Manufacturing, with a 1.7% increase, following a 3.4% decline in December, and wholesale trade, which increased 2.8% reversing a 2.0% decline in December, have been the motors of the increase.