According to a Statscan report released Friday, gross domestic product in April grew at the fastest pace since December – 0.3 per cent – after a piddly 0.1-per cent gain in March, and a contraction in February. But don’t get too excited. The main driver was energy output, which rebounded after temporary shutdowns in the previous two months. Also, mining companies increased production.
Iran exported oil at levels higher than allowed under Western sanctions for a fourth straight month in February with ship loading data obtained by Reuters showing top clients again bought additional than 1 million barrels per day (bpd).