Oil rebound drives strong GDP gain, as Canadian economy moves to more solid footing
Gains mark the strongest two-month increase since the end of 2017
Canada’s economy grew by a greater-than-expected 0.3 per cent in April, the second strong performance in a row, suggesting a recent slowdown is ending, Statistics Canada data indicated on Friday.
That marks the strongest two-month increase since the end of 2017.
The gains were driven by rebounding oil output that is returning the nation’s economy to a more solid footing.
Analysts in a Reuters poll had predicted GDP expansion of 0.1 per cent in April after a 0.5 per cent increase in March. The overall two-month growth was the greatest since November and December 2017.as Canadian economy moves to more solid footing, Canadian conservatives, Canadian news, Canadian politics, Conservative Canadians, conservatives, Oil rebound drives strong GDP gain, pipelines, right for Canada
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