Canada GDP Unchanged in July
By Robb M. Stewart
OTTAWA--The Canadian economy stalled in July following three straight months of growth, as overall activity in both goods-producing and services industries was flat.
Gross domestic product, a broad measure of goods and services produced across the economy, was unchanged from the month before at 2.372 trillion Canadian dollars, the equivalent of US$1.673 trillion, Statistics Canada said Tuesday.
Economists were expecting GDP to have edged up 0.1% for the month, a tick stronger than the data agency's earlier flash estimate for essentially unchanged activity. June's expansion was revised up to 0.4% from an earlier estimate of 0.3% growth.
Compared with a year earlier, GDP in July grew 1.4%.
The data agency said that advance information for August indicates GDP increased 0.2% month-over-month, with increases in mining and retail trade partially offset by declines in oil and gas extraction.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
September 29, 2026 08:45 ET (12:45 GMT)
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