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Canada’s Economy Surges in May | Calgary News

Canada’s Economy Surges in May | Calgary News

Published 4 weeks ago
Description

Canada’s economy is roaring back, posting a solid 0.3% growth in May as mining, oil and gas, manufacturing, and construction all surged—led by a 1% jump in resource sectors. After a weak first quarter, this rebound confirms economists’ optimism, with the Bank of Canada projecting 2.5% growth for Q2. Early June data hints at another 0.2% gain, fueled by trade and finance. The country’s sluggish year may finally be behind it.

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