HALISTER1: CANADA ECO PREVIEW: May GDP Due in 5 Minutes

CANADA ECO PREVIEW: May GDP Due in 5 Minutes

(Bloomberg) -- Canadian GDP m/m seen at -0.5% in May vs +0.1% in April (forecast range -1.3% to 0%); GDP measures final market value of all goods, services produced within country.
  • Alberta wildfires led to “sharp contraction” in drilling industry, other sectors “decidedly mixed": TD Securities
  • GDP y/y seen at +1.2% in May vs +1.5% in April (forecast range +1% to +1.8%)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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