Canada’s GDP contracted by -0.1% mom in May, marking a second consecutive monthly decline and aligning with expectations. The decline was driven by weakness in goods-producing sectors, particularly a pullback in mining, quarrying, and oil and gas. While manufacturing managed to expand, services output was flat overall. Only 7 out of 20 industries registered growth. […]The post Canada’s economy shrinks again in May, but June rebound eyed appeared first on Action Forex.