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Economy Grew 0.3% In April

Statistics Canada says the economy grew by 0.3 per cent in April, down from 0.7 per cent the month before.

The agency said real GDP growth was led by the mining, quarrying and oil and gas extraction sector, along with client-facing industries.

The mining, quarrying and oil and gas extraction sector expanded 3.3 per cent in April, the largest monthly growth rate since late 2020.

Food services and drinking places expanded 3.5 per cent, surpassing the pre-COVID pandemic level of activity, while accommodation services grew 7.2 per cent.

The arts, entertainment and recreation sector increased seven per cent but still remains below its February 2020 levels.

Real estate contracted 0.8 per cent, the largest monthly decline since April 2020.

The construction sector was essentially unchanged in April, the transportation and warehousing sector rose 2.2 per cent, retail trade rose 0.9 per cent, and the manufacturing sector increased 0.3 per cent.

However, looking ahead to May, Statistics Canada said early estimates suggest the economy shrank by 0.2 per cent.

That estimate will be updated near the end of July.

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Saint John, CA
4:12 am, Apr 11, 2026
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