GDP growth

Ottawa (Rajeev Sharma)— The Canadian economy surged back into growth mode to start the second quarter, handily dismissing winter recession fears. Statistics Canada reported that real gross domestic product expanded by 0.5 per cent in April, marking the fastest monthly growth rate the country has witnessed since July 2025. The impressive turnaround successfully reverses a minor 0.1 per cent contraction felt in March, showcasing widespread resilience across both the goods and services sectors. The powerful rebound was heavily driven by a massive resurgence in the energy sector. Mining, quarrying, and oil and gas extraction jumped 2.9 per cent overall, led…