Canada’s Economy Stalls in April, But Swift Rebound Likely in May

<p>The Canadian economy flatlined in April, coming in below Statistics Canada and consensus estimates of 0.2% month-on-month (m/m). However, the disappointment is somewhat offset by a one tick upgrade to March, and a flash estimate pointing to a healthy rebound of +0.4% m/m in May. April’s reading was mixed, with output expanding in 11 of […]</p>
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