Statistics Canada said that real gross domestic product grew 0.3 percent in Apri mainly led by the mining, quarrying, oil, and gas extraction sector and client-facing industries.
Although the official reading for May is expected on July 29, the early estimate for May indicates the economy contracted by 0.2 percent for the month.
The mining, quarrying, and oil and gas extraction sector In April, grew by 3.3 percent, while oil and gas extraction gained 3.9 percent, said Statistics Canada.
The accommodation and food services sector added 4.6 percent, as food services and drinking places grew 3.5 percent to top pre-pandemic levels. Accommodation services rose 7.2 percent.
Although the arts, entertainment, and recreation sector rose 7.0 percent but was still 12 percent below its February 2020 level.
Real estate including resources, construction, and manufacturing all are expected to slow down, with the deepening dive in home sales in the coming months.
The month of April alone saw a decrease of 15 percent in the real estate agent activity month over month and is now down 25 percent year over year.
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