Statistics Canada says real GDP grew 0.3 per cent in April

News source from CTV News

OTTAWA – The Canadian economy grew more than expected in April, helped by the oil and gas sector.

Statistics Canada says real gross domestic product grew 0.3 per cent in April, following a 0.5 per cent increase in March.

Economists had expected growth of 0.1 per cent for April, according to Thomson Reuters Eikon.

The mining, quarrying and oil and gas extraction sector gained 4.5 per cent, boosted by a 5.5 per cent rise in oil and gas extraction.

Oilsands extraction increased 11.0 per cent, while oil and gas extraction, excluding oilsands, was up 0.5 per cent.

The manufacturing sector pulled back 0.8 per cent, in April, the largest monthly contraction since August 2017.





Source link

https://www.ctvnews.ca/polopoly_fs/1.3710097.1520536671!/httpImage/image.jpg_gen/derivatives/landscape_960/image.jpg

News Headlines

[su_feed url=”http://rss.cbc.ca/lineup/topstories.xml” limit=”20″]

Canadian News Headlines

[su_feed url=”http://rss.cbc.ca/lineup/canada.xml” limit=”20″]

#Canada #news #CanadianNews #headlinenews #Edmonton #calgary #vancouver #toronto

Leave a Reply

Your email address will not be published. Required fields are marked *