Canada: Real GDP grew 0.6% in May, as 14 of 20 industrial sectors increased

"Real gross domestic product (GDP) grew 0.6% in May, as 14 of 20 industrial sectors increased. This was the seventh consecutive monthly increase," the Statistics Canada announced on Friday.

Key quotes:

• Goods-producing industries rose 1.6%, led by mining, quarrying, and oil and gas extraction, more specifically non-conventional oil extraction. Service-producing industries were up 0.2%, led by finance and insurance services
• The finance and insurance sector increased 0.9% in May
• The manufacturing sector was up 1.1% in May as most subsectors grew
• Retail trade grew 0.9% in May with 8 of 12 subsectors increasing