GDP in Canada up 4.5% in MayChristian Fernsby ▼ | August 1, 2020
Real gross domestic product (GDP) in Canada grew 4.5% in May, following two months of unprecedented declines when emergency measures to slow the spread of coronavirus resulted in widespread shutdowns.
Widespread Canadian farmers
While May's gains offset some of the March and April declines, economic activity remained 15% below February's pre-pandemic level.
Both goods-producing (+8.0%) and services-producing industries (+3.4%) were up, as 17 of 20 industrial sectors posted increases in May. ■