Canada’s economy was flat in August, with a September decline anticipated
Economy · First reported 30 Oct, 12:57 · Updated 13:30
Statistics Canada reported that real GDP was effectively unchanged in August. Its early estimate indicated a 0.1 per cent decline in September, while Reuters also reported that the economy stalled in August and likely lost ground in September.
- Real GDP was effectively unchanged in August, following relatively flat growth in July.
- Statistics Canada’s early estimate indicated a 0.1 per cent GDP decline in September, partly reflecting losses in manufacturing and mining, quarrying, and oil and gas extraction.
- The August report described flat growth, and Reuters’s headline said the economy likely lost ground in September.
Summary written by Lux AI from 2 articles
Key facts
- August real GDP
- Effectively unchanged.
- Wholesale trade in August
- Down 1.4 per cent.
- Retail trade in August
- Up 1.2 per cent.
- Early September GDP estimate
- Down 0.1 per cent.
- Third-quarter annualized GDP estimate
- 1.3 per cent.
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- Corporation 50% (1)
- Public broadcaster 50% (1)
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