Canada's GDP grows 0.3 pct in April
Jun 29, 2024
Ottawa [Canada], June 29: Canada's real gross domestic product (GDP) grew 0.3 percent in April, after being essentially unchanged in March, Statistics Canada said Friday.
Wholesale trade, mining, quarrying, and oil and gas extraction and manufacturing were the largest contributors to growth in April after recording declines in the previous month, the national statistical agency said.
Following two consecutive monthly decreases, retail trade was also among the top drivers of growth in April, led by food and beverage retailers and gasoline stations which rebounded from declines recorded in previous months, the agency said.
Advance information indicates that the country's real GDP rose 0.1 percent in May. Increases in manufacturing, real estate and rental and leasing and finance and insurance were partially offset by decreases in retail trade and wholesale trade, said Statistics Canada.
Source: Xinhua
