Statistics Canada to report May GDP and early look at Q2 economic results

Statistics Canada to report May GDP and early look at Q2 economic results | iNFOnews.ca
Containers are unloaded from the Yang Ming Throne container ship at Deltaport, at Roberts Bank in Delta, B.C., on Thursday, July 16, 2026. THE CANADIAN PRESS/Darryl Dyck

OTTAWA — Statistics Canada is set to give an early look at how the economy fared in the second quarter of the year.

The agency is expected this morning to report real gross domestic product results for May as well as a flash estimate for June.

StatCan’s early indications from last month pointed to a 0.1 per cent rise in real GDP for May, a slowdown from the solid 0.5 per cent advance in April.

The May and early June results will provide StatCan’s first estimate for where the economy ended up in the second quarter, after two consecutive quarterly declines in real GDP.

The Bank of Canada and most economists were surprised by the mild contraction in the first three months of the year.

The central bank now expects real GDP rebounded from a year of flat growth with an annualized gain of 2.5 per cent in the second quarter.

This report by The Canadian Press was first published July 31, 2026.

News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Canadian Press

Craig Lord

The Canadian Press is Canada's trusted news source and leader in providing real-time, bilingual multimedia stories across print, broadcast and digital platforms.

Related Articles