OTTAWA, June 30 (Reuters) - Canada's economy regained momentum in May after stalling in April, Statistics Canada data showed on Friday, leaving the door open for the Bank of Canada to hike interest rates in July.
The economy was unchanged in April from March, missing forecasts, in what economists said was the fallout from a federal civil servant strike in April.
Canada's goods-producing sector expanded 0.1% in April, but were offset by a slight decline in the service-producing sector.
Figueiredo expects the central bank to raise interest rate by another 0.25% in July.
Money markets see a roughly 61% chance of the central bank hiking rates in July.
Persons:
Statscan, it's, Doug Porter, Desjardins, Tiago Figueiredo, Figueiredo, Ismail Shakil, Nivedita Balu, Dale Smith, Jonathan Oatis, Philippa Fletcher
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OTTAWA, Statistics, Bank of Canada, Reuters, BMO Capital Markets, Public Service Alliance of Canada, Toronto Stock, Canadian, Thomson
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Statistics Canada, Ottawa, Toronto