Canada's gross domestic product (GDP) remained unchanged in April, with sluggish growth for the second consecutive month. Goods-producing industries expanded by 0.1%, but this was offset by a flat reading in the service sector. Out of the 20 sub-sectors, 11 grew while nine shrank. The real estate and rental sector saw its sixth consecutive month of growth, expanding by 0.5%. However, the public sector contracted by 0.3% due to a strike by workers in the PSAC union. Preliminary data for May shows a rebound of 0.4%, indicating the economy is regaining momentum. The Bank of Canada may raise rates by 25 basis points in July.

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