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GDP continues to climb

OTTAWA, Ont. -- Canada's economic turnaround continues as the gross domestic product (GDP) surged ahead a further 0...


OTTAWA, Ont. — Canada’s economic turnaround continues as the gross domestic product (GDP) surged ahead a further 0.8 per cent in April.

According to Statistics Canada, this is the seventh consecutive monthly advance and the single largest monthly gain since early 2000.

A combination of factors led the widespread strength in the GDP for April. Higher sales of cars and trucks and the temporary elimination of softwood lumber duties accelerated production of motor vehicles and parts and wood products.

All sectors of manufacturing registered gains, with significant increases posted by makers of primary and fabricated metal products, plastic and rubber products, and food and beverages. These gains in manufacturing resulted in higher levels of demand for energy, transportation and wholesaling services.


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