_1777294237270_124456903.png&w=48&q=75){kind=small}
Canada's economy expands fastest in a year
The Canadian economy showed a strong recovery in April, with real gross domestic product (GDP) growing by 0.5%, surpassing expectations of 0.4%. This growth was driven by broad increases across 14 out of 20 sectors, notably the mining and oil & gas sector, which rose by 2.9% following the resumption of operations at oil sands facilities after an unexpected halt. The services sector also grew by 0.3%, and the construction and building sector by 0.7%. Estimates suggest that the annualized growth for the second quarter could reach around 2.5%, exceeding Bank of Canada's forecasts.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)