Inflation in Canada: GDP update released [Video]

OTTAWA –

The Canadian economy grew 0.2 per cent in May, Statistics Canada says.

The federal agency’s preliminary estimate suggests real gross domestic product expanded at an annualized rate of 2.2 per cent in the second quarter.

This is a breaking news update. More information to come.

Original copy follows.

Statistics Canada will release its May gross domestic product report this morning.

A preliminary estimate last month suggested the economy grew 0.1 per cent in May.

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The federal agency will also publish an estimate for economic growth in the second quarter today.

RBC says it expects the data to show a weakening economy in the second quarter.

High interest rates have slowed economic activity in the country as consumers and businesses pull back on spending.

The Bank of Canada cut interest rates for a second time in a row …