Canada GDP Rises 0.1% in May as 0.5% April Surge Lifts Q2
Updated
Updated · Bloomberg · Jun 30
Canada GDP Rises 0.1% in May as 0.5% April Surge Lifts Q2
3 articles · Updated · Bloomberg · Jun 30
Summary
Statistics Canada’s flash estimate showed GDP grew 0.1% in May, extending April’s stronger-than-expected rebound and pointing to a solid second quarter.
April GDP rose 0.5%—above the 0.4% economists expected and the fastest monthly gain since July 2025—driven by a spike in oil production.
That pickup breaks roughly six months of stagnation and pushes back against recent recession talk after earlier contractions had pulled first-quarter output slightly negative.
Oil and gas strength has been the main engine of the turnaround, with earlier reports also citing support from manufacturing, construction and the public sector.