Statistics Canada says real GDP grew 0.3% in April, tops expectations

The mining, quarrying and oil and gas extraction sector gained 4.5 per cent

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.

ALSO READ: Bank of Canada survey suggests business sentiment picked up after declining

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Town of Blackfalds moving forward with the arena and library expansion

Council voted 4 to 3 to approve the final and guaranteed maximum price of the $24.6 million

Cilantro and Chive ‘Chicken Parmesan Burger’ supports Lacombe Food Bank

Cilantro and Chive owner Rieley Kay was thrilled to hand over a cheque

2020 Lacombe property tax notices being mailed out

Property taxes are due and payable without penalty if recieved at City Hall by Dec. 31, 2020.

Lacombe salon alters cleaning procedures to protect clients, staff

Hairapy owner pleased to be able to ‘do what they do best’ again

Facing changes together: Your community, your journalists

The Lacombe Express covers the stories that matter to you and to our community

Kelowna, B.C., man charged with murder in Alberta killing

A second man is also wanted in connection with the first degree murder of Cody Michaloski

PHOTOS: Loved ones reunite at an oasis on closed U.S.-Canada border

Officials closed the park in mid-March over coronavirus concerns

Trump preparing order targeting social media protections

“This will be a Big Day for Social Media and FAIRNESS!”

USMCA poised for star turn in trade spotlight as White House sours on China

Pandemic accelerates U.S. efforts to pull back from China

Legal experts weigh in on Meng Wanzhou decision from B.C. Supreme Court

The court will now hear arguments about whether Meng’s arrest was unlawful

If an MP heckles in a virtual House of Commons, does it make a sound?

If an MP heckles in a virtual House of Commons, does it make a sound?

How much will be enough when it comes to Canada’s COVID-19 supply?

How much will be enough when it comes to Canada’s COVID-19 supply?

Most Read