Canada’s GDP grew for a second month in a row in May, increasing by 0.3 percent, according to Statistics Canada.
Thirteen of the country’s 20 industrial sectors—including construction, finance, and manufacturing—grew in May, the agency said in a July 31 news release.
Canada’s mining, oil, and gas industries led the economy’s growth and contributed 0.1 percent to the monthly GDP increase. Support for those activities rose by 7.3 percent in May, which was the seventh consecutive month of expansion.
Canada’s oil sands industry grew by 1.6 percent, led by higher crude bitumen extraction in Alberta, while the mining and quarrying industries contracted by 0.7 percent due to lower coal and non-metallic mineral mining….