Canada’s Economy Contracts in May, but There Were Signs of a June Rebound

A worker uses an angle grinder on a vessel under construction at Seaspan Shipyards, in North Vancouver, B.C., on Oct. 10, 2024. The Canadian Press/Darryl Dyck

The Canadian economy contracted again in May, Statistics Canada said Thursday, but signs of a rebound in June could see growth hold flat for the quarter overall.

Real gross domestic product fell 0.1 percent in May, matching the decline in April.