On the 31st local time, the Canadian Statistics Agency reported that the real Gross Domestic Product (GDP) in May fell by 0.1%, matching the decline of April and marking the second consecutive month of contraction.
The agency attributed the economic downturn in May to the commodity production sector, particularly the mining, quarrying, and oil and natural gas industries. The service sector remained stable in May, with manufacturing growing by 0.7%. This partially offset the 1.8% drop following the full implementation of US tariffs in April, but it was still 1.1% lower than in March. (Zhao Miao, CCTV)