PREVIEW-Canada 1st quarter GDP to herald record downturn


* What: Statistics Canada reports Q1 GDP * When: Monday, June 1 at 8:30 a.m. (1230 GMT) * Markets forecast GDP fell 6.6 pct annualized By Louise Egan OTTAWA, May 28 (Reuters) - Canada experienced the biggest economic contraction on record in the first quarter, figures next week are expected to show, pushing the country into its sharpest downturn in half a century. Gross domestic product likely shrank 6.6 percent, annualized, in the January to March period, according to the median ...

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