Analysis Key Facts —The bounce. Canada's economy grew 0.5% in April, its best month since July 2025, reversing a small contraction. —The driver. Mining, oil and gas surged 2.9%, its strongest month in over two years, with oil sands up 6.6%. —The breadth. Fourteen of twenty sectors grew, so the month was not a one-industry story alone. —The warning. The early estimate for May showed growth slowing to just 0.1% as the resource surge faded. —The starting point. Output had been flat in the first quarter, following a small contraction …
Analysis
Global Deep Analysis
After the Recession Scare: Can Canada’s Resource Rebound Last?
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July 1, 2026
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7 min read
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