Ottawa (ANTARA) – Canada’s real gross domestic product (GDP) increased by 0.4 percent in May, Statistics Canada announced Friday (6/30).
Preliminary information shows that growth in May was driven by the manufacturing and wholesale trade sectors, as well as real estate agents and brokerage offices, the national statistics agency said.
A rebound was also seen in the federal public administration after the public sector contracted due to a drop in activity in April triggered by a strike by federal employees, the statistics agency said.
According to the agency, strikes by federal government employees represented by the Public Service Alliance of Canada union, which began in April, resulted in a 4.3 percent contraction in the government’s public administration. federal.
The country’s real GDP remained essentially unchanged in April, following a slight increase in March. Oil and gas extraction, excluding tar sands, led growth with an expansion of 2.1 percent in April after a weak start to the year.
Crude oil extraction contributed the most to the increase, with increased production off Canada’s northern Atlantic coast more than offsetting lower crude production to the west. Natural gas extraction, led by the province of Alberta, continues to grow, reflecting the continued increase in natural gas reserves, Statistics Canada said.
“Tvaholic. Beer guru. Lifelong internet nerd. Infuriatingly humble pop culture scholar. Friendly food advocate. Freelance alcohol fan. Incurable bacon ninja.”
:strip_icc():format(jpeg)/kly-media-production/medias/3306276/original/047015900_1606275972-CjkinzN007013_20201125_CBPFN0A001.jpg)
