OTTAWA — Canadian economic growth rebounded in April, but early indications suggested it failed to maintain the momentum into May. Statistics Canada said Friday real gross domestic product grew 0.
OTTAWA — Canadian economic growth rebounded in April, but early indications suggested it failed to maintain the momentum into May.
BMO chief economist Doug Porter said growth on balance was holding up a touch better than widely expected in 2024, but remained generally lacklustre. The Bank of Canada cut its key interest rate target earlier this month for the first time since the early days of the pandemic and while it is expected to cut its key interest rate again, the timing is uncertain.
Services-producing industries grew 0.3 per cent with the wholesale trade industry up two per cent in April. Retail trade also gained 0.5 per cent for the month.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada's economy grew in April, with growth expected to continue in MayCanada's economy grew 1.1 per cent annually in April, Statistics Canada said on Friday.
Read more »
Economy grew 0.3% in April, Statistics Canada reportsStatistics Canada says real gross domestic product grew 0.3 per cent in April, helped by strength in several industries including wholesale trade, mining and oil and gas extraction and manufacturing.
Read more »
Economy grew 0.3% in April, Statistics Canada reportsOTTAWA — Statistics Canada says real gross domestic product grew 0.3 per cent in April, helped by strength in several industries including wholesale trade...
Read more »
Canada's economy grew 0.4 per cent in the first quarter, Statistics Canada saysReal gross domestic product was essentially unchanged in March.
Read more »
Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
Read more »
Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
Read more »