GDP results for June and second quarter to be released Friday by StatCan

Statistics Canada is scheduled to release gross domestic product figures for June and the second quarter on Friday. This data follows a surprise contraction in the first quarter of the year, with current expectations pointing toward a sharp rebound in economic activity.

Preliminary reports indicate that the economy grew at an annualized rate of 3.3 percent during the second quarter, representing the fastest pace of growth in over three years. This expansion was driven largely by increased exports and a rise in business capital investment.