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.
The agency said goods-producing sectors were to blame for the drop, particularly in mining, quarrying and oil and gas extraction.
Manufacturing posted growth of 0.7 percent in the month however, partially offsetting a decline of 1.8 percent in April when tariffs from the United States took full effect. StatCan noted that manufacturing activity remained 1.1 percent lower in May than in March.
Transportation and warehousing also rebounded from an April decline….