Canada's economy grew 0.3% in April, primarily driven by wholesale trade, mining, oil and gas extraction, and manufacturing.

Canada's economy grew by 0.3% in April, mainly driven by strong performances in wholesale trade, mining and oil and gas extraction, and the manufacturing sector, according to Statistics Canada. This growth followed a period of essentially zero growth in March. The Bank of Canada is not expected to be significantly impacted by these numbers, with BMO economist Douglas Porter anticipating the next rate cut in September.