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Canada’s economy grows 0.2% in July

Canada’s economy has grown for the first time in four months.

Statistics Canada said real GDP grew 0.2 per cent in July after edging down 0.1 per cent in June.

The mining, quarrying, and oil and gas extraction sector led the growth at 1.4 per cent.

Transportation and warehousing, manufacturing and wholesale trade also expanded.

Meanwhile, a one per cent decline in retail trade tempered the growth in the overall economy.

Advance information indicates that real GDP was essentially unchanged in August.

Increases in wholesale trade and retail trade were offset by decreases in mining, quarrying, and oil and gas extraction, manufacturing, and transportation and warehousing.

  • Brad Perry is an award-winning news anchor and reporter and a 2013 graduate of the NBCC journalism program. Based in New Brunswick, he is also the assistant national news director for Acadia Broadcasting. Contact Brad at perry.brad@radioabl.ca.

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