0

Canada’s GDP grew 0.2 per cent in July


 

OTTAWA – Statistics Canada says the economy grew by 0.2 per cent in July, after a downwardly revised 0.1 per cent rise in June.

The July figure was better than the 0.1 per cent expected by analysts.

The statistics agency says July growth was powered by goods production, which rose 0.2 per cent.

Mining, oil and gas extraction and construction all declined.

The output of service industries rose 0.2 per cent mainly due to higher retail and wholesale trade, and increases in the finance and insurance sector as well as accommodation and food services.

The public sector, education, health and public administration combined, was essentially unchanged in July


 
Filed under:

Sign in to comment.