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Canada's Q2 annualized growth falls record 38.7%

Credit: REUTERS/TODD KOROL

Canada's second quarter annualized growth sank by a record 38.7% as businesses and stores were shuttered during the quarter to slow the spread of the coronavirus pandemic, Statistics Canada said on Friday.

OTTAWA, Aug 28 (Reuters) - Canada's second quarter annualized growth sank by a record 38.7% as businesses and stores were shuttered during the quarter to slow the spread of the coronavirus pandemic, Statistics Canada said on Friday.

June real GDP rose by 6.5%, offsetting some of the March and April declines, but economic activity still remains below pre-pandemic levels.

(Reporting by Julie Gordon in Ottawa; Editing by Alex Richardson)

((julie.gordon@thomsonreuters.com; 613-235-6745; Reuters Messaging: julie.gordon.thomsonreuters.com@reuters.net))

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