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Canada's economy expands 0.3% in April; another gain seen in May
Canada's gross domestic product increased 0.3% in April, matching market expectations, as growth rebounded in sectors including wholesale trade and manufacturing, and the economy likely expanded further in May, data showed on Friday. Analysts polled by Reuters had forecast 0.3% GDP growth in the month, after growth stalled in March. The growth in April, fastest since the 0.5% clocked in January, was driven by rebounds in wholesale trade, mining, quarrying, and oil and gas extraction and manufacturing sectors, Statistics Canada said. In a preliminary estimate for May, Statscan said GDP was likely up 0.1%, as increases ... (full story)
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- Posted: Jun 28, 2024 11:12am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,433
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