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Statistics Canada set to release GDP figures for June, Q2 – National
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Statistics Canada set to release GDP figures for June, Q2 – National

Statistics Canada is expected to release its latest reading on economic growth Wednesday morning. The agency is set to release gross domestic product figures for the month of June and the second quarter of this year.A preliminary estimate for the second quarter provided in Statistics Canada’s last report pointed to 4.6 per cent annualized growth, up from 3.1 per cent for the first three months of the year.RBC says GDP likely rose in the second quarter but there are “clear signs” it began losing steam over May and June. Trending Stories The central bank has called the Canadian economy “overheated” and has been combatting high inflation with a series of interest rate hikes. Story continues below advertisement With the annual inflation r...