29-June-2025
Economy News
 
Canada's GDP Contracts in April, Likely Another Decline in May
28-Jun-2025

Canada's economy contracted in April on a monthly basis, data showed on Friday, as sectors exposed to tariffs and uncertainty negated a boost from services. Gross domestic product contracted by 0.1% month on month in April, Statistics Canada said, led by a 0.6% decline in goods-producing industries which contribute 25% to GDP.

News Source:- https://money.usnews.com/investing/news/articles/2025-06-27/canadas-gdp-contracts-in-april-likely-another-decline-in-may
 
 
 

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