TD Securities projects Canadian GDP rose 0.2% month-over-month in May, surpassing the flash estimate and extending April’s 0.5% increase.
Canadian real GDP likely grew 0.2% in May, exceeding the initial flash estimate, TD Securities strategists said. The gain follows a 0.5% rise in April and reflects balanced expansion across goods and services sectors.
Manufacturing, existing home sales, and retail trade contributed to the growth, supporting the Canadian dollar. The print aligns with expectations for steady economic momentum amid stable domestic demand.
No immediate market reaction was reported following the projection.