Economy grew by 0.3 per cent in April after 0.1 per cent rise in March: StatsCan - InfoNews

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Economy grew by 0.3 per cent in April after 0.1 per cent rise in March: StatsCan

A stevedore stacks container at the Surrey Fraser Docks in Surrey, B.C. Friday May 11, 2007. THE CANADIAN PRESS/Chuck Stoody) Canad
June 29, 2012 - 8:36 AM

OTTAWA - Statistics Canada says the economy grew by 0.3 per cent in April, after rising 0.1 per cent in March.

The agency says most of the April increase came in mining and oil and gas extraction and, to a lesser extent, wholesale trade.

Transportation services as well as the agriculture, forestry, fishing and hunting sector also increased.

Retail trade, manufacturing, accommodation and food services and the public sector declined.

Mining and oil and gas extraction rose 2.7 per cent in April after declines of 2.0 per cent in February and 1.1 per cent in March.

Wholesale trade was up 1.2 per cent in April, a fifth consecutive monthly increase.

News from © The Canadian Press, 2012
The Canadian Press

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