Macro EconomyMedium•29 September 2026•
1 min read
Canada GDP Stalls in July with 0.2% Rebound Estimated for August
Key Facts
1Canada's real GDP was essentially unchanged in July following a revised 0.4% increase in June.
2Advance estimates for August point to a 0.2% expansion led by oil and gas extraction and manufacturing.
Canada's real GDP was essentially unchanged in July following a revised 0.4% increase in June, according to Statistics Canada. The flat reading met market expectations as growth in construction and utilities was offset by declines in manufacturing, mining, and oil and gas extraction.
Advance estimates for August point to a 0.2% expansion led by oil and gas extraction and manufacturing, suggesting activity regained momentum after the July stall. ActionForex reported that while non-residential building construction jumped 2.9%, retail trade declined 1.0%, highlighting a mixed performance across goods-producing and services-producing industries.