Canada's economic growth stalls again in August, September likely a decline
Wholesale trade fell 1.4% and early September estimates point to a 0.1% decline, Statistics Canada said.
- Statistics Canada reported real GDP remained essentially unchanged in August, marking the second consecutive month of economic stagnation for Canada.
- Wholesale trade fell 1.4 per cent in August as most subsectors contracted, while public administration shrank 0.2 per cent as 2026 census work wound down.
- Manufacturing output grew in five of the last seven months, while solid railway performance drove gains in transportation and warehousing, offsetting the weakness.
- Economists polled by Reuters had predicted 0.2 per cent growth for August, but the economy stalled, missing forecasts as most subsectors contracted.
- StatCan's early estimates suggest real GDP declined 0.1 per cent in September amid losses in manufacturing, mining, quarrying, and oil and gas extraction.
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The economy stagnated for the second consecutive month in August in a context of weak public and wholesale trade, according to Statistics Canada.
Canadian economy stalled in August, points to September decline: StatsCan
Statistics Canada GDP data for August shows economic growth was essentially flat in August despite a rebound in retail trade that more than offset a decline in July. Wholesale trade, meanwhile, fell 1.4 per cent in August, as most subsectors contracted.
Canada's economic growth stalls again in August, September likely a decline
Canada's economy stalled in August following no growth in the previous month as increases in retail, manufacturing and construction were largely offset by drop in activity in wholesale trade and public administration, data showed on Friday.
Canada's Economy Sputters in August - ActionForex
Canadian GDP flatlined for a second straight month in August, undershooting Statistics Canada’s advanced estimate of a 0.2% month-on-month (m/m) gain. Nine of 20 industries registered growth in August. On the goods side, GDP edged higher by 0.1% m/m. A solid gain in machinery manufacturing and petroleum refiners pushed the manufacturing sector 0.3% m/m higher. […]
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