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.

View Full Report about Canadian May 2019 GDP

 

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