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Canada's May GDP Seen Poised for A Small Increase, National Bank Says

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Attention this week in Canada will focus on the May gross domestic product, according to National Bank of Canada.

The bank expects the GDP for May to rise 0.1% month over month, down from the 0.5% increase in April. Gains in the country's GDP are expected to come from the finance and insurance, real estate and manufacturing sectors. These are forecast to partially offset declines in wholesale trade and the agriculture, forestry, fishing, and hunting sectors.

Statistics Canada will release GDP for May and preliminary June data on Friday.

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