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Canada's mining, energy sectors up in July - StatCan

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(Kitco News) - According to Statistics Canada (StatCan), the domestic mining and quarrying (except oil and gas) increased 4.2% in July, more than offsetting June's decline.

StatCan said that Canada’s metal ore mining (+4.1%) and non-metallic mineral mining and quarrying (+7.1%) led the increase, whereas setbacks in coal mining (-2.3%) tempered growth.

“Metal ore mining growth was led by a 25.6% jump in the iron ore mining subsector as production increased following the impact of wildfires in June. Non-metallic mineral mining and quarrying was driven by an increase in potash mining,” the agency said.

StatCan also reported that the country’s oil and gas extraction rose 1.5% in July, up for the sixth time in the last seven months, as all industries were up in the month.

Oil and gas extraction (except oil sands) expanded 2.4% in July, led by the continued ramp up of natural gas extraction in Western Canada, following a period of wildfires-induced contraction.

Oil sands extraction grew 0.8% in July. The growth was largely a result of higher synthetic crude oil production in Alberta as several facilities began ramping up production following a period of maintenance in May and June, the agency explained.

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By

Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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