Canadian Economy Picks Up As Energy Rebounds In April
From The Globe And Mail
The Canadian economy grew 0.3 per cent in April, more than analysts were expecting, as energy output rebounded after temporary shutdowns and mining companies also increased production.
The gain in gross domestic product, reported by Statistics Canada in Ottawa Friday morning, followed a 0.1-per-cent increase in March and a contraction in February. In April, the mining and oil-and-gas extraction sector saw a 2.7-per-cent increase, bouncing back from declines in the previous two months.