Canadian Economy Seen Picking Up Slightly After Contracting in May
Data from Statistics Canada shows industry-level gross domestic product declined modestly for a second straight month in May, though the data agency's advance estimate points to a slight lift in output last month. That suggests the economy grew just 0.1% on an annualized basis for the quarter, a sharp pullback from comparable growth of 1.6% in the first three months of 2025 but stronger than the contraction projected by the central bank.
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