Canadian Economy Shows Resilience, Returns To Trade Surplus

[Legato]

2 minutes ago, CdnFox said:

And fair enough. It might be argued that these deals in and of themselves may not be worth much more than we paid to get them if they even materialize at all over the years but they open doors and perhaps will lead to further expansion of our relationship.

But the bar it's pretty minor and carney is trying to sell it off as being a big win reality it's basically baby's first step and there are economy is still going to be every bit as much in trouble as it was before over the next year with this even with this.

 

I've dealt with the Japanese, trust in the relationship the main thing.

Beave puts it out there in giant font that here's another magic deal from our God and Saviour the Carney, when the reality is something quite different.

[BeaverFever]

Canada's economy reverses months of slow growth with 0.5% boost in April
 

Canada's economy showed signs of rebounding by growing 0.5 per cent in April, reversing months of slow and negative economic growth.

Real gross domestic product is up half a percentage point largely because of growth in the mining, quarrying and oil and gas extraction sectors, Statistics Canada said in its latest report, released Tuesday. 

"The mining, quarrying and oil and gas extraction sector rose 2.9 per cent in April, the largest monthly growth rate since February 2024 (+3.2 per cent), more than offsetting March's 1.4 per cent contraction," the agency said in the report.

The report comes amid concerns about the state of Canada's economy, as Statistics Canada previously reported that GDP contracted in the first quarter of 2026 and the last quarter of 2025, prompting fears of a "technical recession."The effect of U.S. tariffs on Canadian goods has also been a source of economic anxiety, particularly as the Canada-U.S.-Mexico Agreement review deadline approaches on Wednesday.  

Statistics Canada reported that oil and gas extraction rose 3.7 per cent in April — the largest monthly increase since February 2024. Oil sands extraction led the way. …

 

The agency's early estimates have growth moderating but continuing with an increase of 0.1 per cent in May thanks to growth in finance, insurance, real estate and leasing.

Manufacturing, public sector also growing

Industries outside of natural resources also expanded, including the manufacturing sector (0.6 per cent) and the public sector (0.4 per cent). The report said federal government public administration grew for the first time in four months, while defence services grew for the seventh consecutive month. 

Fourteen of 20 industrial sectors grew in April, according to the report….

 

Cautious optimism 

Analysts say the number marks a break from the economy's previous slow growth.

"It’s a significant bounce back after a number of softer months," Nathan Janzen, assistant chief economist at RBC, said in an interview. "We had economic activity stall over the winter… so to see stronger activity in April to start off Q2 is encouraging."

…

https://www.cbc.ca/news/business/april-gdp-numbers-canada-9.7253694