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Updated: Wed, 31 Jul 2013 08:53:04 GMT | By CBC News, cbc.ca

Canada's economy expands for 5th straight month



Canada's economy expands for 5th straight month

Canada's economy expanded for the fifth month in a row, as gross domestic product was 1.6 per cent higher in May than the same month a year ago.

Statistics Canada reported Wednesday that on a monthly basis, the GDP expanded by 0.2 per cent, just shy of expectations for 0.3 per cent.

Most sectors of the economy expanded, but the service sector showed more growth than the goods-producing industries.

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