Statistics Canada says real GDP grew 0.3% in April, tops expectations

The mining, quarrying and oil and gas extraction sector gained 4.5 per cent

The Canadian economy grew more than expected in April, helped by the oil and gas sector.

Statistics Canada says real gross domestic product grew 0.3 per cent in April, following a 0.5 per cent increase in March.

Economists had expected growth of 0.1 per cent for April, according to Thomson Reuters Eikon.

The mining, quarrying and oil and gas extraction sector gained 4.5 per cent, boosted by a 5.5 per cent rise in oil and gas extraction.

Oilsands extraction increased 11.0 per cent, while oil and gas extraction, excluding oilsands, was up 0.5 per cent.

The manufacturing sector pulled back 0.8 per cent, in April, the largest monthly contraction since August 2017.

ALSO READ: Bank of Canada survey suggests business sentiment picked up after declining

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Meet Arthur Heart, Oak Bay Avenue’s resident stickman

Contest winner dubs stickman Art Heart

Victoria council keeps its catered lunches at more than $10,000 per year

Two councillors tried to eliminate the expense, with widespread rejection

All Carlton Cards stores closing in the coming weeks

Schurman Retail Group stores across North America will close, including 79 in Canada

UPDATED: 12 Wet’suwet’en supporters arrested by VicPD

Protesters rallied against Coastal GasLink pipeline

Four things ‘not’ to do if you run into Prince Harry and Meghan in B.C.

Here is a list of some things you definitely should NOT do, according to the BBC

Greater Victoria Crime Stoppers wanted list for the week of Jan. 21

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

B.C.-based Coulson Aviation C-130 crashes in Australia

Three people are confirmed dead in the crash in New South Wales

New nasal spray launched in Canada to combat hypoglycemic shock in diabetics

Baqsimi is a nasal spray contains three milligrams of glucagon

B.C. RCMP spent roughly $750K on massive manhunt for Port Alberni men

Manitoba RCMP helped with 17-day search through the province’s northern terrain

Island Bakery in Cobble Hill to close

Cobble Hill store in business since 1982

Man killed by police in Lytton called 911, asking to be shot: RCMP

Howard Schantz, also known as Barry Schantz was killed following a standoff at his Lytton home

Canadian public health agencies ramping up preparations in response to new virus

Health officials have said there are no confirmed cases of the emerging coronavirus in Canada

Most Read