OTTAWA — A rebound in oil output helped deliver surprisingly strong Canadian economic growth of 0.3% in April after two months of soggy readings, according to Statistics Canada data released on Friday.
Declines in retail sales and manufacturing had led to expectations for a tepid reading on real gross domestic product. The median forecast in a Reuters survey was for 0.2% growth, and nine of 22 predictions were for no more than 0.1%.
The economy shrank by 0.2% in February and edged up by 0.1% in March.
Oil and gas output rose 2.4% in April after declines of 1.0% and 2.2% in February and March, respectively. All the increase was due to a recovery in crude oil extraction from maintenance and production difficulties in the previous two months.
Mining excluding oil and gas also grew 3.1%, adding to gains in March after an 8.4% decline in February. Wholesale, transportation and…
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