Canada’s economy expanded by 0.1 per cent in April, beating expectations of a flat showing, as manufacturing, utilities and other sectors grew.
Statistics Canada reported Friday that goods-producing industries grew by 0.2 per cent during the month, while the service sector was flat. Together that added up to a 0.1 per cent increase overall, better than the flat showing that economists had been anticipating.
After contracting in January, Canada’s economy has now grown for three months in a row.
Manufacturing showed some of the strongest gains, including a 2.8 per cent increase in machinery manufacturing, a 4.8 per cent increase in non-metallic mineral products and a 2.7 per cent increase in primary metals.
Output of food products also increased by 4 per cent.
via CBC
