CANADA: economy is rising by 0.4 percent in May after a 0.1 percent increase last month

The Canadian economy grew at the fastest pace in four months in May, driven by gains in manufacturing, wholesale and retail trade, energy and construction.

Gross domestic product, the total of goods and services produced in the country, rose 0.4% to 1.62 trillion Canadian dollars ($1.49 trillion), accelerating from a 0.1% increase in each of the prior two months, Statistics Canada said Thursday.

The rise was in line with market expectations, according to a report from Royal Bank of Canada. Year-on-year growth picked up to 2.3% from 2.1%.