Canada's GDP Shrinks in May, Likely to Avoid Contraction in Second Quarter
Canada's Gross Domestic Product met expectations and shrank 0.1% in May on a monthly basis, but it is likely to regain the lost output in June led by a rebound in some sectors, data showed on Thursday.
An advanced estimate showed the GDP is likely to expand by 0.1% in June, and on an annualized basis it could a post a growth of 0.1% in the second quarter, Statistics Canada said.
A likely growth in the second quarter, which is contrary to most expectations of an expected contraction, could change when the final numbers are released next month...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.