Business

    On Friday, official economic figures from Canada confirmed that the Canadian economy experienced a 0.3 per cent increase in May, continuing a recovery trend into a second month and surpassing earlier government predictions. As per the monthly Gross Domestic Product data published by Statistics Canada, real output grew across 13 of 20 primary industrial sectors, with broad gains in goods-producing industries and sustained demand within service sectors. This actual monthly growth exceeded the preliminary flash estimate of 0.1 per cent, providing further momentum for the nation’s economy following April’s revised growth of 0.6 per cent.