Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsEconomyCanada's economy rebounds, growing more than expected in AprilGDP rose 0.5% to start second quarter after technical recessionLast updated 12 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.Canada's real gross domestic product grew by 0.5 per cent in April. Photo by Justin Sullivan/Getty ImagesCanada’s real gross domestic product grew by 0.5 per cent in April, marking a strong start to the second quarter of 2026 that was slightly higher than economists’ expectations.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorGains were mainly driven by the mining, quarrying, and oil and gas extraction sectors, which grew by 2.9 per cent month-over-month in April, Statistics Canada said Tuesday.This is the largest growth rate for the sector since February 2024 and “more than offsets” March’s 1.4 per cent contraction, officials said.The manufacturing sector also rebounded in April, expanding by 0.6 per cent month-over-month following a 0.1 per cent contraction in March, driven by growth in durable-goods manufacturing industries.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againThe construction industry also fuelled economic growth — expanding by 0.7 per cent month-over-month in April for the first time in five months. Transportation and warehousing, real estate and rental and leasing, finance and insurance and public administration also made gains.Economists largely expected the economy to grow in April, after it contracted unexpectedly by 0.1 per cent annually in the first quarter of 2026, putting Canada into a technical recession.StatCan’s flash estimates suggest the economy grew by 0.1 per cent in May on gains in the real estate sector and contractions in wholesale trade and agriculture, forestry, fishing and hunting.More to come… Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.