Global Finance News
30 Jun 2026, 15:24
Canada's Economy Rebounds in April, Slows in Preliminary May Estimate
Canada's economy rebounded in April, with monthly GDP rising 0.5%, exceeding economists' expectations of 0.4% and recovering from a 0.1% contraction in March.
The stronger-than-expected April reading suggests economic activity regained momentum, supported by improvements across key sectors despite ongoing global economic uncertainty.
Statistics Canada's preliminary estimate indicated GDP growth moderated to 0.1% in May.
Canada's economy rebounded in April, with monthly GDP rising 0.5%, exceeding economists' expectations of 0.4% and recovering from a 0.1% contraction in March.
The stronger-than-expected April reading suggests economic activity regained momentum, supported by improvements across key sectors despite ongoing global economic uncertainty.
Statistics Canada's preliminary estimate indicated GDP growth moderated to 0.1% in May.