Canadian GDP grows less than expected

Note: This section contains information in English only.
Source: WBP Online
© Scanpix/AFP
Canada's economy continued expansion in May, yet at lower rate than economists predicted. The GDP advanced 0.2% in May, while on year -to-year basis it rose 1.6%. Analysts projected a 0.3% increase. The main drivers behind the growth was retail and wholesale industries, while resource extraction sector plummeted 1.7%. Energy sector production fell 2% in May.
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