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1 CIBC: Further solid #growth in May and June capped a very strong rebound for the #Canadianeconomy in Q2. Monthly #GDP posted a 0.3% increase for May, which was above the advance estimate (0.1%) and also a tick above the consensus forecast. 🧵 #cdnecon

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2 CIBC: It also followed an upwardly revised 0.6% advance in April. #Growth in May was reasonably broad-based (13 of 20 sectors), w mining, oil & gas, construction, real estate and public admin leading in terms of contributions. The early estimate for June showed a further 0.2% gain in GDP #cdnecon