Free Trial

Canada GDP Slowed in Second Quarter, Contracted in June

CANADA
  • Canada May GDP +0.3%, main contributors were wholesale and public administration.
  • Mining, quarrying and oil and gas extraction was the biggest detractor, caused by Alberta wildfires. 
  • June flash estimate -0.2%, the expected contraction is led by a trend reversal in wholesale and manufacturing.
  • April GDP revised from 0% to +0.1%.
  • Annualized Q2 GDP growth +1% according to a flash estimate, slower than Q1.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.