MARKET UPDATES

BC Monthly Real GDP Estimate for May 2026 & Preliminary Estimate for June 2026

The BCREA Nowcast estimate for provincial economic growth, measured as year-over-year growth in real GDP, indicated a 1.9 per cent increase in May 2026. By comparison, the Canadian economy saw a year-over-year growth of 1.7 per cent in May. Our preliminary estimate for June suggests that year-over-y

Canadian Economic Growth (May 2026)

Canadian real GDP grew by 0.3 per cent in May after increasing by 0.6 per cent in April. Goods-producing sectors rose by 0.6 per cent, while service-producing industries rose by 0.2 per cent from the previous month. Industry contributors to growth were led by mining, quarrying, and oil and gas extra

Canadian Retail Sales (May 2026)

Canadian retail sales increased by 1.0 per cent to $73.7 billion in May compared to the previous month. Retail sales were 5.9 per cent higher compared to the same time last year. Moreover, core retail sales, which exclude gasoline and automobile items, increased by 0.9 per cent in May. In volume ter