Canada's Economy Shows Mixed Signals Amid Tech Boom

Canadian economy growth was confirmed in May, reaching 0.3%, according to recent data. This news comes as other sectors are also showing promise, such as the tech industry, with companies like Telesat securing a $2.3 billion military satcom contract.

RioCan reported higher profits but lower revenue in Q2, while Sienna's CEO stated that the company sees 'continued strong demand' as they move forward.

However, not all news is positive, with local resistance growing over data centres expansion and concerns being raised about the impact of AI on chip production.