ZCZC
BCN-14
CANADA-ECONOMY-OIL-GAS
Canada’s economy expands 0.3 percent in April
OTTAWA, June 29, 2019 (BSS/Xinhua) – Canada’s economy grew 0.3 percent in
April due to good performance in oil and gas sectors, according to Statistics
Canada Friday.
It is better than economists’ expected 0.1 percent growth. The country’s
economy was up 0.5 percent in March.
Mining, quarrying and oil and gas extraction sector gained 4.5 percent in
April, primarily due to a 5.5 percent rise in oil and gas extraction.
Goods-producing industries rose 0.4 percent while services producing
industries increased 0.2 percent.
The wholesale trade sector increased 1.4 percent, up for the fourth
consecutive month while retail trade edged down 0.1 percent following two
months of growth.
The manufacturing sector pulled back 0.8 percent, the largest monthly
contraction since August 2017.
The construction sector increased 0.2 percent while transportation and
warehousing edged down 0.1 percent.
BSS/XINHUA/HR/1450