Canada GDP for May -0.1% vs -0.1% expected

8 months ago 51

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Canada GDP for May 2025

Prior month -0.1%
Advanced estimate for the month of June +0.1%

The goods-producing industries edged down in May, driven primarily by a contraction in the mining, quarrying and oil and gas extraction sector, while the manufacturing sector expanded in the month. The services-producing industries were essentially unchanged, as real estate, rental and leasing and transportation and warehousing posted increases while retail trade and public administration contracted. Overall, 7 of 20 industrial sectors expanded in May.

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