Politics

Canada’s economic growth slows down

Canada’s economic growth slowed down in May, says the Ottawa Citizen. Statistics Canada reported that the economy grew by just 0.1 per cent that month after a 0.3 per cent increase in the previous month.

Economists expected a 0.2 per cent growth in May.

The Bank of Canada is also anticipating disappointment, lowering its second-quarter forecast to 1.8 per cent from an earlier 2.5 per cent estimate.

The retail sector, however, improved slightly. It was up 0.7 per cent from a 0.9 per cent decline in April.

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