Statistics Canada Reports Slight Economic Growth for May

Friday, 28 July 2023 12:13

By Linda Morgan

The Canadian economy grew by 0.3 percent

The Canadian economy experienced a little growth in May.

According to Statistics Canada, the economy grew by 0.3 percent.

This is a little lower than initially expected, as gas and oil mining companies reduced operations in Alberta due to wildfires.

Meanwhile, preliminary estimates suggest real GDP grew by about 1 percent.

The increase is partially due to a rebound in the public administration sector, as federal public servants ended their strike and were back on the job by the end of April.

More from Local News

Niagara Region Concludes Toronto Meetings

Regional officials met with provincial politicians to discuss Niagara issues
Gates Calling for MRI Wait Time Reduction

He says the current wait of 306 days is nearly double that of a year ago, and it's getting worse
OPP Ready to Keep Roads/Water Safe

Sergeant Kerry Schmidt asking everyone to be mindful of making a wrong decision this holiday weekend
PM Challenged to Cut Gas Taxes for Summer

Conservatives say it'll reduce the price at the gas pumps by 35-cents a litre
Hoverlink Signs Lease Agreement

It's an agreement with St. Lawrence Seaway, enabling trips across Lake Ontario, taking traffic off the highway
Tory MP Listening for Housing Solutions

Scott Aitchison was in St. Catharines, and heard about declaring a building a municipal asset to reduce cost
NRP Citizen's Police Academy to Start

This is not meant to train anyone as a police officer, but learn more about the NRP
Meet Police at NRP Open House

It's tomorrow at Pen Centre, in honour of Police Week

Statistics Canada Reports Slight Economic Growth for May

Share

More from Local News