Canada’s economy shrank for the second straight month in May.
Statistics Canada said the country’s GDP contracted by 0.1 per cent.
Goods-producing industries edged down, driven mainly by mining, quarrying and oil and gas extraction.
An increase in the manufacturing sector helped to partially offset the drop, according to StatCan.
Services-producing industries were essentially unchanged, despite a 1.2 per cent drop in the retail trade sector.
StatCan said real estate, rental and leasing grew in May, along with transportation and warehousing.
Meanwhile, early estimates for June show an expected rebound of 0.1 per cent in real GDP, with increases in retail trade and wholesale trade partially offset by a drop in manufacturing.
Official data for the month will be released on Aug. 29.
