(OTTAWA) The Canadian economy grew 0.3% last May, according to Statistics Canada.
The federal agency’s preliminary estimate suggests that real gross domestic product grew at an annualized rate of 1% in the second quarter.
The May figure is slightly below Statistics Canada’s expectations as mining, oil and gas companies scaled back activity in Alberta at the start of the record wildfire season.
The modest increase was driven, in part, by a rebound in the public administration sector as striking federal workers returned to work in late April.
The federal agency’s preliminary estimate for June suggests the economy contracted by 0.2%. According to Statistics Canada, the decline is mainly attributable to the wholesale trade and manufacturing sectors.
