Canada Q2 GDP -0.5% vs -1.0% expected

• Estimates ranged from -0.7% to -1.3%
• Prior revised to -0.8% from -0.6%
• q/q GDP -0.1%
• Implicit prices +0.4% q/q
• June GDP +0.5% vs +0.2% expected (fastest since May 2014)
• Economy grew 0.6% from a year earlier
• Household consumption +2.3% from +0.5% in Q1
• Exports rose 0.4% while imports fell 1.5%