Canada May GDP 0.0% vs. -0.2% expected

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  • Before was +0.3%
  • Benefits +0.4%
  • Goods -1.0%
  • 14 of 20 industry sectors increased in May
  • June advances GDP +0.1%
  • The transportation and warehousing sector rose 1.9% in May, up for the fourth consecutive month
  • Manufacturing contracted 1.7% in May after seven months of growth

Canada continues to move forward. Expect continued contributions from automotive manufacturing and energy extraction.

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