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Canada GDP Stalled In April, Grew 0.4% In May

CANADA
  • April GDP 0.0% vs +0.2% forecast, weighed down by government strike.
  • March GDP revised to +0.1% from 0.0%.
  • May flash estimate +0.4%, led by wholesale trade. real estate, manufacturing, as well as recovery from government strikes. 
  • Real estate and rental and leasing grew by +0.5% in April, the largest growth rate since December 2020.
  • April GDP YOY +1.7%

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