Canada's Economy Sees Modest Growth in May Amid Solid Q2 Rebound

The Canadian economy grew by 0.3% in May, according to Statistics Canada (StatCan). This marks a solid rebound for the second quarter after a slowdown in Q1.

The growth was driven by an increase in household spending and business investment, as well as a rise in exports. StatCan notes that the economy is on track for a strong recovery in the coming months.

However, it's worth noting that May's growth rate was lower than expected, with some economists predicting a stronger expansion.