The latest Canadian GDP figures for the first quarter are up sharply but fall short of analyst expectations, continued rain in British Columbia is prompting a flood warning for parts of the province, the Canadian government has announced an aid package to help the Canadian lumber industry, a new report looks at the cost of pollution on the economy and auto sales for last month hit a new record. These are the stories you need to know to kick off June:

  1. Canadian GDP for the first quarter is up due to increased household spending despite a decrease in exports. Via Financial Post
  2. In British Columbia the rising of the Okanagan Lake is putting locals in West Kelowna and surrounding areas at risk for flooding. Via Global News
  3. The Canadian government has responded to the tariffs on softwood lumber by announcing an $876 million aid package for the Canadian lumber industry. Via Globe and Mail
  4. A new report by the International Institute for Sustainable Development estimates that pollution costs the Canadian economy tens of billions every year. Via The Star
  5. Auto sales in Canada hit a new record last month with over 200,000 vehicles sold driven partially by attractive financing offers from auto makers. Via Globe and Mail

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