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Statistics Canada says real gross domestic product grew 0.2 per cent in July
Goods-producing sectors, including mining and manufacturing, led a 0.2% GDP increase in July after four months of decline, despite challenges from U.S. tariffs, Statistics Canada reported.
- Statistics Canada reported that real gross domestic product grew 0.2% in July, largely driven by growth in good-producing industries.
- The mining, quarrying and oil and gas extraction sector led growth in July, expanding by 1.4%.
- However, activity in iron and steel mills and ferro-alloy manufacturing was down by about 25% since February due to U.S. tariffs on steel imports.
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Statistics Canada indicates that real gross domestic product (GDP) grew by 0.2% in July, its first increase in four months.
·Montreal, Canada
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The Canadian economy grew in July, but this momentum may have been short-lived, said Statistics Canada on Friday.
·Montreal, Canada
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Winnipeg Free Press+8 Reposted by 8 other sources
Statistics Canada says real gross domestic product grew 0.2 per cent in July
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Total News Sources24
Leaning Left9Leaning Right0Center4Last UpdatedBias Distribution69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
C 31%
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