PSAC strike helped keep Canada’s economy flat in April, but May

PSAC strike helped keep Canada's economy flat in April, but May

Canada’s gross domestic product was unchanged in April, the second monthly reading in a row of sluggish growth, but early data for May suggests things have started to pick up.

Statistics Canada reported Friday that goods-producing industries expanded by about 0.1 per cent in April, but that was offset by a flat reading out of the service sector. 

The reading was below the 0.2 per cent growth that economists were forecasting. Out of 20 sub-sectors of the economy, 11 grew while nine shrank in April.

Mining, quarrying, and oil and gas extraction was a source of strength, expanding by 1.2 per cent in the month.

Construction activity grew 0.4 per cent, as a slowdown in residential building…

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