Canada's gross domestic product shrank by 0.3 per cent in May, the second consecutive monthly contraction as most industries slowed down. Even Canada's red hot real estate sector shrank for the second month in a row. All in all, the total value of all the goods and services produced by Canada's economy was just shy of $1.98 trillion during the month. That's still two per cent below the slightly more than $2 trillion that the economy was worth in February 2020. Preliminary data for June suggests the economy grew by 0.7 per cent during the month.

Source: CBC News July 30, 2021 13:07 UTC