The Canadian Press

2015-07-31 | Statcan Economy May

Preview Clip

Real gross domestic product fell 0.2 per cent in May, increasing the chances the country slipped into a recession in the first half of the year. The unexpected drop in GDP in May was the fifth consecutive monthly decrease. T-D Bank senior economist Randall Bartlett says the report shows the weakness is not just confined to falling oil prices. (The economy contracted at an annual pace of 0.6 per cent in the first quarter.)

Date: 2015-07-31
Placeline: TORONTO.
Source: The Canadian Press
Length: 21 seconds

Transcript Prediction: << and may we saw the 13 of the 20 major sectors of major industries in Canada contrite how do contractile that's not just a one-on-one industry story that's the broad-based weakness in the Canadian economy which I think stands in stark contrast to what we saw in the US yesterday with a 2.3% annualized increase >>