Canada: GDP expanded by 0.3% in April vs. 0.1% expected

The data published by Statistics Canada on Friday revealed that the real Gross Domestic Product (GDP) grew 0.3% on a monthly basis in April to surpass the market expectation of 0.1% but this reading came below the previous figure of 0.5%.

Other data from Canada showed that the Raw Material Price Index (RMPI) declined by 2.3% in May and the Industrial Product Price Index (IPPI) rose only 0.1%.