In July, Canadian GDP rose 0.2%, mostly driven by retail trade, with mixed results in August.

In July, Canada's real GDP rose by 0.2%, reaching C$2.234 trillion ($1.733 trillion), mainly due to a 1% increase in retail trade, particularly in motor vehicles. Services and goods-producing industries also saw modest gains. However, early estimates indicate that GDP for August remained largely unchanged, with gains in oil and gas and the public sector offset by declines in manufacturing and transportation.

September 27, 2024
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