By Paul Vieira
OTTAWA–Canadian economic output slowed in April from the previous month, as strong growth in the country’s commodity and hospitality sectors offset a marked decline in housing. Early estimates point to the economy contracting in May.
Gross domestic product, or the broadest measure of goods and services produced in the economy, rose 0.3% month-over-month in April to 2.053 trillion Canadian dollars, or the equivalent of $1.594 trillion, Statistics Canada said Thursday. The April gain matched market expectations, as provided by TD Securities.
Canada GDP Rises 0.3% in April
