Mineral samples are displayed at a trade show of the Association for Mineral Exploration's Roundup 2024 in Vancouver, British Columbia, Canada, on Jan. 22, 2024. (Photo by Liang Sen/Xinhua)
Canada's real GDP by industry rose 0.6 percent in the first quarter, after edging up 0.1 percent in the previous quarter, said Statistics Canada.
OTTAWA, May 31 (Xinhua) -- Canada's real gross domestic product (GDP) was essentially unchanged in March, following a 0.2 percent increase in February, Statistics Canada said Friday.
Mining and quarrying, except oil and gas, contracted 3.9 percent in March, recording its largest decline since January 2022 as all industry groups within the subsector were down, the national statistical agency said.
Gold and silver ore mining contributed the most to the decline as a gold mine temporarily shut down production in March due to unfavourable weather conditions, the agency said.
A 2.4 percent increase in oil sands extraction, led by higher crude bitumen extraction and synthetic oil production, more than offset the lower extractions of crude oil and natural gas. The oil and gas extraction subsector, as well as the support activities for mining and oil and gas subsector, tempered the decline in the overall sector in the month.
Advance information indicated that real GDP rose 0.3 percent in April. Increases in manufacturing, mining, quarrying, and oil and gas extraction and wholesale trade were partially offset by decreases in utilities, the agency said.
The country's real GDP by industry rose 0.6 percent in the first quarter, after edging up 0.1 percent in the previous quarter, said Statistics Canada. ■
