Canada April GDP -0.3% m/m vs -0.8% expected
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Canada April GDP data
- April prelim estimate from Statistics Canada was -0.8% m/m
- First decline in 12 months
- Prior was +1.1%
- Q1 GDP was +5.6% annualized
- Q2 GDP was 9.6% annualized
- May prelim GDP -0.3%
Total Canadian economic activity is about 1% below Feb 2020, when the pandemic began.