Canada’s Economy Rebounds by 4.5% in May

Shoppers walk through Carrefour Laval shopping centre as malls across Quebec reopened amid the COVID-19 pandemic, in Laval, Que., on June 19, 2020. Ryan Remiorz/The Canadian Press

OTTAWA—Statistics Canada says the economy grew by 4.5 percent in May as businesses began to reopen after severe lockdowns of March and April.

The average economist estimate was for a 3.5 percent increase in gross domestic product for May, according to financial data firm Refinitiv.