Canadian GDP Expands 0.1% in April

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.

usdcad Canadian dollar graph, June 29, 2018

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