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Canada's economy shrank in May but showed early signs of recovery in June, facing U.S. tariffs.
Canada's economy contracted by 0.1% in May, largely due to declines in goods-producing sectors like mining and oil and gas.
However, manufacturing showed growth of 0.7% in May, and early estimates suggest a 0.1% rebound in June, driven by retail and wholesale trade.
The Bank of Canada projects a 1.5% annual decline in the second quarter due to U.S. tariffs, but the economy's overall performance for the quarter is expected to be flat.
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La economía de Canadá se contrajo en mayo, pero mostró signos tempranos de recuperación en junio, enfrentándose a los aranceles de los Estados Unidos.