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Canada GDP grew 6.5% mom in Jun, highest on record since 1961

Canada GDP grew 6.5% mom in June, above expectation of 5.2% mom. That’s the largest monthly increase since the series started in 1961. Still, economic activity remained about -9% below February’s pre-pandemic level. Both goods-producing (+7.5%) and services-producing (+6.1%) industries were up as 19 of 20 industrial sectors posted increases in June.

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