We're not out of the woods yet...

GDP slips 0.5% in May (StatsCan-GDP)
Source: The Canadian Press

OTTAWA_ The gross domestic product fell 0.5 per cent in May, a faster rate of decline than in the previous three months.

Over the last four months, the goods-producing industries have contributed the most to the decrease in GDP, while the output of the service sector has remained essentially unchanged.

Statistics Canada reports the energy and manufacturing sectors were the main contributors to May's decline; construction and wholesale trade also decreased.

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