Statistics Canada Reports Slight Economic Growth for May

Friday, 28 July 2023 12:13

By Linda Morgan

The Canadian economy grew by 0.3 percent

The Canadian economy experienced a little growth in May.

According to Statistics Canada, the economy grew by 0.3 percent.

This is a little lower than initially expected, as gas and oil mining companies reduced operations in Alberta due to wildfires.

Meanwhile, preliminary estimates suggest real GDP grew by about 1 percent.

The increase is partially due to a rebound in the public administration sector, as federal public servants ended their strike and were back on the job by the end of April.

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Statistics Canada Reports Slight Economic Growth for May

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