Canada's gross domestic product expanded at a faster-than-expected 0.2% rate in July, driven by growth in the retail trade and public sectors, but the economy likely stalled in August, data showed on Friday.

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Canada

Canada economy growth tops July forecast

Canada's gross domestic product expanded at a faster-than-expected 0.2 per cent rate in July, driven by growth in retail trade and public sectors, but the economy likely stalled in August, Statistics Canada data showed on Friday.

Media Bias/Fact Check

Bell Media

Statistics Canada says real gross domestic product grew 0.2 per cent in July, following essentially no change in June, helped by strength in the retail trade sector.

Ad Fontes Media

All Sides

CBC News

Government of Canada

GDP grew 0.2% in July, as economy holds steady

Reuters

The Woodbridge Company

United Kingdom

Canada economy tops July growth forecast, but seen stalling in August

Wildfires were impacting several industries in July, Statistics Canada said, with warehousing and transportation seeing its second consecutive monthly contraction.

Global News

Corus Entertainment

Toronto

Ontario

Canada’s economy likely stalled by summer’s end, StatCan says

(Bloomberg) — The Canadian economy showed more signs of weakness that should keep the Bank of Canada cutting interest rates to boost growth.

Financial Post

Leon Cooperman

Allianz

Zero Growth in August Keeps Bigger Canada Rate Cuts on the Table

Statistics Canada says real gross domestic product grew 0.2 percent in July, following essentially no change in June, helped by strength in the retail trade sector.
The agency says the growth came as services-producing industries grew 0.2 percent for the month.
The retail trade sector was the largest contributor to overall growth in July as it gained one percent, helped by the motor vehicles and parts dealers subsector which gained 2.8 percent.
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The Epoch Times

Epoch Media Group

New York

United States

Statistics Canada Reports Real GDP Grew 0.2% in July

The Canadian economy showed more signs of weakness that should keep the Bank of Canada cutting interest rates to boost growth.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

OTTAWA — Statistics Canada says real gross domestic product grew 0.2 per cent in July, following essentially no change in June, helped by strength in the retail trade sector. The agency says the growth came as services-producing industries grew 0.

SooToday.com

Sault Ste. Marie

Algoma District

Statistics Canada reports real GDP grew 0.2% in July

Newmarket Today

Orillia

Simcoe County

OTTAWA — The Canadian economy grew more than expected in July, but the strength was short-lived as the momentum seems to have failed to carry over into August. Statistics Canada said Friday that real gross domestic product grew 0.

Canada economy tops July growth forecast, but seen stalling in August

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