OTTAWA — Early signs of an economic rebound in the second quarter should put to rest any talk of Canada being in a recession, according to economists parsing the latest gross domestic product figures.
Statistics Canada reported Friday that real GDP rose 0.3 per cent in May amid growth in both the goods and services sides of the economy. That topped StatCan’s own initial estimate for 0.1 per cent growth in the month.
Andrew Grantham, senior economist at CIBC, said growth was fairly broad-based in May.
With expectations for 0.2 per cent growth in June, StatCan’s advance estimates now point to a 3.4 per cent annualized gain in the
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