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Statistics Canada To Report May GDP And Early Look At Q2 Economic Result
StatCan’s advance estimate points to 3.4% annualized growth in the second quarter, topping the Bank of Canada’s 2.5% forecast.
- Statistics Canada reported that the economy grew steadily in May and seemed on track for a strong rebound in the second quarter overall.
- Real gross domestic product rose 0.3% in May, with growth in both goods and services sectors.
- This 0.3% increase exceeded Statistics Canada's initial estimate of 0.1% growth for May.
- Statistics Canada's advance estimate predicts real GDP will rise 3.4% annualized in the second quarter, which would surpass the Bank of Canada's 2.5% growth forecast.
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Statistics Canada to report May GDP and early look at Q2 economic results
OTTAWA — Statistics Canada is set to give an early look at how the economy fared in the second quarter of the year. The agency is expected this morning to report real gross domestic product results for May as well as a flash estimate for June. StatCan's early indications from last month pointed to a 0.1 per cent rise in real GDP for May, a slowdown from the solid 0.5 per cent advance in April. The May and early June results will provide StatCan'…
·Prince George, Canada
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Total News Sources10
Leaning Left4Leaning Right0Center4Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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