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Reading: Canada’s Economy Contracts in May, but There Were Signs of a June Rebound
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canada’s-economy-contracts-in-may,-but-there-were-signs-of-a-june-rebound
Canada’s Economy Contracts in May, but There Were Signs of a June Rebound

Canada’s Economy Contracts in May, but There Were Signs of a June Rebound

Last updated: July 31, 2025 9:48 pm
By The Canadian Press
1 Min Read
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Canada’s Economy Contracts in May, but There Were Signs of a June Rebound

A worker uses an angle grinder on a vessel under construction at Seaspan Shipyards, in North Vancouver, B.C., on Oct. 10, 2024. The Canadian Press/Darryl Dyck

The Canadian economy contracted again in May, Statistics Canada said Thursday, but signs of a rebound in June could see growth hold flat for the quarter overall.

Real gross domestic product fell 0.1 percent in May, matching the decline in April.

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