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

Port Alberni RCMP look for witnesses of daytime assault

A woman was assaulted while jogging in North Port

Racist incident shocks Tseshaht First Nation

Port Alberni RCMP looking for information

Federal government says no to relaxing log export rules

News comes after Steelworkers, Mosaic ask for ‘temporary relief’ on log export policy

Port Alberni residents gather to protest racism

Peaceful Drive By Protest planned for Thursday

San Group opens new sawmill in B.C.

It’s the first mill in 15 years to be built on west coast

B.C. records four new COVID-19 cases, Abbotsford hospital outbreak cleared

Four senior home outbreaks also declared over, eight still active

An ongoing updated list of Alberni Valley events affected by COVID-19

Has your event been cancelled or postponed? Check here

Friendly Cove and Kyuquot will remain closed until further notice

Transition of other B.C. communities will be monitored before a decision to ease restrictions

Gold River organizes a shop local initiative to creatively boost economy

Local purchases can earn shoppers $200 gift certificates to be spent on businesses within Gold River

Young killer whale untangles itself from trap line off Nanaimo shore

DFO marine mammal rescue unit arrived as whale broke free from prawn trap line

RCMP, coroner investigate murder-suicide on Salt Spring Island

Two dead, police say there is no risk to the public

About 30% of B.C. students return to schools as in-class teaching restarts amid pandemic

Education minister noted that in-class instruction remains optional

Trudeau avoids questions about anti-racism protesters dispersed for Trump photo-op

Prime minister says racism is an issue Canadians must tackle at home, too

B.C.’s Law Enforcement Torch Run for Special Olympics goes virtual

The annual event partnering RCMP with Special Olympians is dramatically altered by COVID-19

Most Read