Canadian real Gross Domestic Product rose .3% in April

Statistics Canada
June 30, 2022
Category: Finance & Economics
Region: Canada

Statistics Canada reported that real gross domestic product (GDP) rose 0.3% in April, following a 0.7% expansion in March, led by the mining, quarrying and oil and gas extraction sector and client-facing industries. …The construction sector was essentially unchanged in April, following three months of growth as subsectors were evenly split between increases and decreases. Residential building construction contracted 1.2% in April following three months of growth. Weaker activity in home alterations and improvements more than offset across the board expansions in all types of new residential building construction. Repair construction was down for the first time in four months, decreasing 1.5% in April, as contractions in both the residential and non‐residential repair activities contributed to the decline. …Non‐residential building construction also rose (+1.4%) in April, as all types of new non‐residential building construction were up.

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