Canada May GDP Rises 0.3% Month-on-Month, Annual Growth Accelerates to 1.7%
Canada's gross domestic product rose 0.3% in May from the previous month, following an upward revision to April's growth to 0.6% from the initially reported 0.5%. On a year-over-year basis, GDP increased 1.7% in May, accelerating from a 1.1% gain in April. The data reflects continued expansion in the economy.
Canada's gross domestic product (GDP) rose 0.3% month-on-month in May, after the prior month's reading was revised to 0.6% from 0.5%. On a year-on-year basis, GDP increased 1.7% in May, compared with a 1.1% rise in April.