Beiijing seeks to 'interfere' in upcoming US elections, says Blinken
Morning Briefing: April 27, 2024
Turkish, Greek ministers watch 'Romeo and Juliet' in Istanbul
Europe steps up military support to Ukraine in fight against Russia
Türkiye, Romania forge strategic partnership, stress Black Sea security
UK summons Russian ambassador for 'malign activity' on UK territory
WHO says current public health risk posed by bird flu 'low'
Athens hands Olympic flame to Paris 2024 organizers
WHO warns health system in Haiti 'on brink of collapse' due to ongoing violence
Students maintain pro-Palestine encampment in US capital for second straight day

Canada's natural resources' GDP rises 1.4% in Q4

Growth mainly driven by higher extraction of crude oil and metallic minerals, says Statistics Canada

Canada's natural resources' GDP rises 1.4% in Q4
2024-03-25 16:40:27

ISTANBUL

Canada's real gross domestic product (GDP) of the natural resources sector rose 1.4% in the fourth quarter of 2023 after two consecutive quarterly declines, the statistical agency said Monday.

"Growth in the fourth quarter was mainly driven by higher extraction of crude oil and metallic minerals," Statistics Canada said in a report.

Crude oil extraction in October-December period of last year rose 1.9% and reached a record-high level in December.

In 2023, extraction of crude oil was up 1.3%, while mineral and mining extraction jumped 5.1% in the fourth quarter.

"Natural resource export volumes rose 3.1% in the fourth quarter, chiefly because of higher exports of energy and mineral resources," said the statement.