Canada's mining, quarrying, and oil and gas extraction expands for third consecutive month

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Canada's mining, quarrying, and oil and gas extraction expands for third consecutive month
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Canada's mining, quarrying, and oil and gas extraction expands for third consecutive month mining Canada

- According to Statistics Canada , the domestic mining, quarrying, and oil and gas extraction increased 1.2% in March, marking a third consecutive monthly gain.

The agency added that oil and gas extraction edged down 0.1% in March. Conventional crude oil declines were largely due to lower production in Newfoundland and Labrador. In the west, there were gains in natural gas production to replenish depleted natural gas storage levels, which partially offset the declines in oil production.

Importantly, according to the report, Canada’s mining and quarrying was up 0.3% in March, after alternating between increases and decreases over the last four months.

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