Canada GDP was essentially unchanged in July, below expectation of 0.10% mom growth. Goods-producing industries contracted -0.3% mom while services-producing industries grew 0.1% mom. Overall, 9 of 20 industrial sectors posted increases.
Advance information indicates that real GDP edged up 0.1% mom in August. Increases in wholesale trade and finance and insurance sectors were partly offset by decreases in retail trade and oil and gas extraction sectors.
