Canada's economy falls 0.2% in May

Note: This section contains information in English only.
Source: Nasdaq, Nasdaq
The total value of Canada's economy decreased for the fifth consecutive month in May, influenced by low manufacturing output and gas and oil extraction along with weak results in wholesale trade. Country's GDP shrank 0.2% to 1.64 trillion Canadian dollars in May, following a 0.1% drop in April. Canada's economy slid 0.6% year-on-year in Q1, based on that, BoC cut its expectations for the second quarter to a decline of 0.5%.
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