Statistics Canada says actual gross home product grew 0.3 per cent in April.
The company says the expansion was led by the mining, quarrying and oil and gasoline extraction sector and shopper-dealing with industries.
However, it additionally says its early estimate for May signifies the economy contracted by 0.2 per cent for the month.
The official studying for May is predicted on July 29.
For April, Statistics Canada says the mining, quarrying and oil and gasoline extraction sector grew by 3.3 per cent, as oil and gasoline extraction gained 3.9 per cent.
The lodging and meals companies sector added 4.6 per cent, whereas the humanities, leisure and recreation sector rose 7.0 per cent.
More to come back.
© 2022 The Canadian Press
Canada’s economy grew 0.3% in April, but signs of May cooling: Statistics Canada – National & More Latest News Update
Canada’s economy grew 0.3% in April, but signs of May cooling: Statistics Canada – National & More Live News
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Canada’s economy grew 0.3% in April, but signs of May cooling: Statistics Canada – National & More News Today
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