Statistics Canada announced that Canada's real gross domestic product (GDP) grew 0.5% in April, after contracting 0.1% in March, on strength in both goods-producing and services-producing industries.

Goods-producing industries rose 1.2% in April, reflecting growth in most sectors and driven by mining, quarrying, and oil and gas extraction. Services-producing industries grew 0.3%, rising for the third month in a row, driven by growth in the public sector and transportation and warehousing. Overall, 14 of the 20 industrial sectors grew in April.

The mining, quarrying, and oil and gas extraction sector rose 2.9% in April, the largest monthly growth rate since February 2024.

The manufacturing sector rose 0.6% in April, driven by expansions in durable-goods manufacturing industries.

Transportation and warehousing rose 0.9% in April, up for the second time in three months, driven in large part in the month by increases in rail transportation and pipeline transportation.

 

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