GDP results for June and second quarter to be released Friday by StatCan
Economists are expecting fresh data will show growth rebounded sharply in the second quarter of the year when Statistics Canada publishes new gross domestic product figures Friday.
On Friday, Statistics Canada will release updates to its June and second quarter gross domestic product figures. Economists anticipate the Canadian economy rebounded strongly in the second quarter, according to a Reuters poll of economists who forecast an annualized growth rate of 3.4 percent. Previously, in May, StatCan had reported a slight decline in real GDP for the first quarter, sparking discussions about potential recession in the economy.
Upon the release of the updated data, economists will keenly analyze whether the economy truly experienced a mild contraction at the beginning of the year.
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- StatCan set to report Q2 GDP results after surprise Q1 contraction winnipegfreepress.com
- GDP results for June and second quarter to be released Friday by StatCan globalnews.ca
