Fall Interest Hike Likely, Low Inflation Mitigates More
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BCREA ECONOMICS NOW Canadian Monthly Real GDP Growth (May) - July 28, 2017 The Canadian economy posted blockbuster growth in May,
expanding 0.6 per cent on a monthly basis and 4.6 per cent year-over-year. This
was the seventh consecutive month of positive growth for the Canadian economy.
Moreover, growth was broad based with output increasing in 14 of 20 industrial
sectors. Given the first two months of GDP data, the Canadian economy is on
track to post a second consecutive quarter of growth close to 4 per cent. |