Canada’s economy experienced growth in April, with expectations for continued growth in May.

In a report released on Friday, Statistics Canada revealed that Canada’s economy grew 1.1 per cent annually in April. This growth was reflected in a 0.3 per cent increase in real gross domestic product (GDP) on a monthly basis, with 15 out of 20 sectors experiencing growth. Advanced estimates indicate that GDP grew by 0.1 per cent in May, with notable increases seen in manufacturing, real estate, rental and leasing, and finance and insurance industries.

This positive economic data suggests a trend of steady growth in the Canadian economy, with various sectors contributing to the overall expansion. The report reflects a promising outlook for the future, as the economy continues to show resilience and adaptability in the face of changing circumstances.

As more data becomes available, experts will continue to analyze and assess the factors driving this economic growth. Stay tuned for further updates and insights on Canada’s evolving economy.

For more news and updates on the Canadian economy, follow Alicja Siekierska on Twitter @alicjawithaj and download the Yahoo Finance app on Apple and Android devices to stay informed on the latest developments.