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:
- Canadian GDP for the first quarter is up due to increased household spending despite a decrease in exports. Via Financial Post
- 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
- 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
- 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
- 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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