Canadian economic activity increased 0.5% in April, slightly higher than Statistics Canada’s 0.4% advance estimate and marking the strongest monthly gain since July 2025. As expected, the increase was driven primarily by stronger activity in goods-producing industries, particularly mining, quarrying, and oil and gas extraction, alongside a pickup in manufacturing output. Service-producing industries also expanded, though at a more moderate pace. The stronger April reading points to a firmer start to the second quarter after growth stalled over the winter. While uncertainty surrounding U.S. trade policy continues to ... (full story)