By Canadian Press

Statistics Canada says economy grew 0.3% in May

Jul 28, 2023 | 8:41 AM

OTTAWA – Statistics Canada say the Canadian economy grew by 0.3 per cent in May.

The federal agency’s preliminary estimate suggests real gross domestic product grew at an annualized rate of 1 per cent in the second quarter.

The May figure came in slightly lower than was expected by Statistics Canada as mining and oil and gas companies reduced their operations in Alberta at the outset of the record-breaking wildfire season.

The modest increase was driven, in part by a rebound in the public administration sector as federal public servants on strike returned to work by the end of April.

The federal agency’s preliminary estimate for June suggests the economy contracted by 0.2 per cent.

WHAT'S ON

Here is what's on this weekend in Medicine Hat and area: Dec. 13-15

7h ago

IN THE COMMUNITY

Medicine Hat's Mustard Seed adding new shelter spaces at Alberta government's request

Dec 12, 2024

HOLIDAYS

Medicine Hat Kiwanis hosting Christmas dinner, applications due Friday

Dec 12, 2024

Statistics Canada says the decrease is mainly owing to the wholesale trade and manufacturing sectors.

This report by The Canadian Press was first published July 28, 2023.

The Canadian Press