Canada GDP Unchanged for Second Straight Month in August
By Robb M. Stewart
OTTAWA--The Canadian economy unexpectedly flatlined for a second straight month in August as a fall in activity by services-producing industries balanced an advance by goods producers.
Gross domestic product, a broad measure of goods and services produced across the economy, was essentially unchanged from the month before at 2.372 trillion Canadian dollars, the equivalent of US$1.695 trillion, Statistics Canada said Friday.
Economists were expecting GDP to have grown 0.2% for the month, in line with the data agency's earlier flash estimate.
Compared with a year earlier, GDP expanded 1.5%.
The data agency said that advance information indicates GDP decreased 0.1% month-over-month in September, with declines in manufacturing and mining and oil and gas extraction.
Based on the estimate, industry-level GDP expanded 1.3% on an annualized basis in the third quarter of the year after the economy grew 3.8% on an equivalent basis the quarter before.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
October 30, 2026 08:46 ET (12:46 GMT)
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