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GDP Growth Surpasses Projections

What a way for the country to go into Canada Day, with news our economy is cooking a bit hotter than the experts suggested.

Data released Friday by Statistics Canada revealed that real gross domestic product grew 0.3% in April, following a 0.5% increase in March.

Economists had expected growth of 0.1% for April.

The mining and oil and gas extraction sector gained 4.5%, boosted by a 5.5% rise in oil and gas extraction.

Oilsands extraction increased 11%, while oil and gas extraction, excluding oilsands, was up 0.5%.

The manufacturing sector pulled back 0.8%, in April, the largest monthly contraction since August 2017.