Okay, I’ve analyzed the provided HTML source code. Here’s a breakdown of the key details and a summary of the economic activity it describes:
key Information Extracted:
Release date: 2025-06-27
Reference Period: April 2025
Overall GDP Change: -0.1% (monthly change)
previous Month GDP Change: 0.2% (March)
Summary of Economic Activity in April 2025:
Overall: Real GDP edged down 0.1% in April, a reversal from the 0.2% increase in March.
goods-Producing Industries: Decreased by 0.6%, with manufacturing being the primary driver of the decline.
Services-Producing Industries: Edged up by 0.1%. Public administration, finance and insurance, and arts, entertainment, and recreation contributed the most to the increase. Wholesale trade was the largest detractor. 10 of 20 industrial sectors expanded.
Manufacturing:
Down 1.9%, the largest drop since April 2021.
Durable goods manufacturing decreased 2.2%,with transportation equipment manufacturing being a meaningful factor.
Non-durable goods manufacturing contracted 1.6%, with food and petroleum and coal product manufacturing contributing the most to the decrease. Wholesale Trade: Contracted 1.9%, the largest monthly decline since June 2023. Motor vehicle and motor vehicle parts and accessories wholesaler-distributors were the largest detractors.
Finance and Insurance: Rose 0.7%, the largest monthly increase since august 2024, driven by financial investment services. Increased financial market activity due to trade tensions and tariff announcements.
Public sector: Expanded 0.4%, with public administration leading the growth due to activity related to the Canadian federal election. Arts, Entertainment, and recreation: increased 2.8%,the largest increase since March 2022,driven by performing arts,spectator sports,and related industries and heritage institutions.
Mining, Quarrying, and Oil and Gas Extraction: Essentially unchanged. Declines in oil and gas extraction and mining and quarrying (except oil and gas) were offset by an increase in support activities for mining, and oil and gas extraction.
Oil and Gas Extraction: Contracted 0.6%. Oil and gas extraction (except oil sands) was down 1.1%. Oil sands extraction was essentially unchanged.
Support Activities for Mining, and Oil and Gas Extraction: Rose 4.8%.
advance Estimate for May 2025:
Real GDP is estimated to have decreased 0.1% in may.
Focus on Canada and the United States:
The mining, quarrying, and oil and gas extraction sector is highly exposed to the US market. The oil and gas extraction subsector is the most reliant on exports to the United States. The oil sands extraction industry had by far the highest reliance on US demand within the sector in 2023.
the Canadian economy experienced a slight contraction in April 2025, driven by declines in manufacturing and wholesale trade, while some sectors like finance and insurance, public administration, and arts and entertainment showed growth. the report also highlights the significant reliance of the Canadian oil and gas sector on the US market.
