Canada's Economy Sees Slowdown in May GDP Growth: Statistics Canada Report

Statistics Canada will release an early look at how the Canadian economy performed in the second quarter of this year. The agency is expected to report on real gross domestic product (GDP) results for May and a flash estimate for June.

The preliminary indications from last month pointed to a 0.1 per cent rise in real GDP for May, which represents a slowdown compared to the 0.5 per cent advance in April. This early data will provide Statistics Canada's first estimate of where the economy ended up in the second quarter, after two consecutive quarterly declines in real GDP.

The report is expected to give insights into the economic growth and performance of various sectors in the country. The results are likely to be closely watched by economists, policymakers, and business leaders as they try to understand the impact of current trends on the economy.