Canada's May Real GDP Beats Estimate With 0.3% Rise

3 articles · Updated · The Globe and Mail · Jul 31

Canada’s real GDP rose 0.3% in May, topping Statistics Canada’s initial 0.1% estimate in a stronger-than-expected monthly gain.
The upside surprise reinforced signs of momentum after earlier data showed the economy tracking 3.4% annualized growth in the second quarter.
May’s gain later fed into a broader Q2 increase of 0.8%, with mining, oil and gas, and manufacturing among the main drivers.
The rebound follows a first-quarter contraction, though economists have warned growth could moderate as tariff effects and energy-price swings add volatility.

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