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Canadian Economy Expands 0.3% in May, Fueled by Energy Sector

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CAD
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The Canadian economy experienced a slight expansion in May, according to Statistics Canada. The growth was primarily driven by the energy and resources sector.

Statistics Canada reported that the economy expanded at a rate of 0.3% in May. This growth is expected to continue into the second quarter, with a preliminary estimate suggesting a 0.2% gain in June.

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