Another upside surprise in Canadian GDP
GDP rose 0.2% in May, surprised to the upside for a third consecutive month with 0.1 ppt above consensus. Growth was once again broadly-based with most services industries recording gains and goods production posting another solid increase. Solid reading for May leaves us tracking annualized growth of nearly 3% in Q2—above our earlier estimate and the Bank of Canada’s latest forecast.
|Release Date||Report Name||Download|
Free Economic Alerts
Receive an email alert as soon as this publication goes live on the RBC Economic Research site. This free service is reserved for RBC clients and staff.Subscribe Now to Free Economic Alerts