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Economy shrinks 0.1% in May: StatCan

Canada’s economy shrank by 0.1 per cent in April, according to new figures from Statistics Canada.

The decrease follows a 0.2 per cent increase in the real gross domestic product (GDP) the month before.

StatCan said the manufacturing contracted 1.9 per cent — the largest drop in four years — and accounted for nearly all of the decline.

The wholesale trade sector also saw its largest decline in nearly two years at 1.9 per cent, according to the report.

Public sector activity expanded 0.4 per cent in April, which StatCan said was driven in large part by the federal election.

Meanwhile, early estimates suggest that real GDP decreased 0.1 per cent in May. Official data for the month will be released on July 31.


  • Brad Perry is an award-winning news anchor and reporter and a 2013 graduate of the NBCC journalism program. Based in New Brunswick, he is also the assistant national news director for Acadia Broadcasting. Contact Brad at perry.brad@radioabl.ca.

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