World Economy
0

Canada GDP Grows

Canada GDP Grows
Canada GDP Grows

Canada’s economy grew for a sixth consecutive month with gains in a majority of industries, underlining the central bank’s view a durable recovery from an oil shock is emerging, Bloomberg reported. Gross domestic product grew 0.2% in April, Statistics Canada said Friday from Ottawa, matching the median forecast in a Bloomberg survey of economists. Statistics Canada says goods-producing industries were essentially unchanged for the month as an improvement by mining, quarrying, and oil and gas extraction was largely offset by a drop in manufacturing. The latest economic report comes amid increased speculation that the Bank of Canada could raise its key interest rate target next month.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com