GDP stagnant in July
by The Canadian Press
Big contributions from manufacturing were offset by declines in mining, utilities and oil and gas
OTTAWA—Economic growth in Canada was put on hold in July as Statistics Canada says the country’s economic output remained largely unchanged for the month following gains over six consecutive months.
Economists had expected a gain of 0.2 per cent, according to Thomson Reuters.
The federal agency says manufacturing and the public sector were the biggest contributors to growth in July.
It also says there were gains in the construction, professional services and retail trade sectors.
But those increased were offset by decreases in mining and oil and gas extraction as well as in utilities.
The agency says there were also decreases in agriculture, wholesale trade, transportation and warehousing services—as well as arts, entertainment and recreation.
