Statistics Canada released labour productivity data of Canadian businesses on Friday. The labour productivity of Canadian businesses rose by 0.4% in the first quarter, in line with expectations, after a flat reading in the fourth quarter. The fourth quarter's figure was revised down from a 0.1% gain.

The increase was mainly driven by a rise in productivity of service-producing businesses, which was up 0.6% in the first quarter.

Productivity of goods-producing businesses rose 0.2%.