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Canada's economy grows 0.3% in April, in line with estimates

Wholesale trade, mining, quarrying, oil and gas extraction, manufacturing largest contributors to growth, says Statistics Canada

Canada's economy grows 0.3% in April, in line with estimates
2024-06-28 17:38:25

ISTANBUL 

Canada's real gross domestic product (GDP) grew 0.3% in April, the country's statistical body said Friday.

The figure came in line with market expectations, after no change in March.

In April, 15 of 20 sectors showed increases in the month, while both goods-producing and services-producing industries contributed to the growth with a gain of 0.3% each.

"Wholesale trade, mining, quarrying, and oil and gas extraction and manufacturing were the largest contributors to growth in April after recording declines in the previous month," Statistics Canada said in a statement.

"Following two consecutive monthly decreases, retail trade was also among the top drivers of growth in April, led by food and beverage retailers and gasoline stations which rebounded from declines recorded in previous months," it added.