知更鸟
资深人士
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end of a large and lengthy public sector worker strike.
The 0.3 per cent growth figure for May is slightly below the advanced forecast of 0.4 per cent that the data agency had previously anticipated.
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Advanced data for June suggests the May growth in GDP was short-lived, as the next month is on track for a 0.2 per cent contraction.
"Economic activity popped higher in May, but a reversal in June suggests that momentum is beginning to falter," Desjardins economist Royce Mendes said of the numbers.
Doug Porter, an economist with Bank of Montreal, says that the data released Friday suggest the economy is on track to grow by about 1.2 per cent in the second quarter as a whole. That's less than the Bank of Canada is forecasting, and about half the 2.4 per cent pace seen in the U.S. economy over the same period.
"Growth is going to struggle to stay firmly in the positive column in the second half of the year, and we are likely to see more back-and-forth months like May and June resulting in very slow growth overall," he said.
