The Toronto skyline in Canada

Canada GDP August 2018

Canada: Economy treads water in August

Economic growth came in at 0.1% in monthly terms in August, on the heels of a stronger 0.2% month-on-month expansion in July. August’s print overshot analysts’ expectations of an essentially flat reading. According to Statistics Canada, only a fraction of industrial sectors notched improvement; although services-producing industries outpaced goods-producing ones, most gains were concentrated in the extractives sector. For their part, buoyant markets lifted the finance and insurance sector.

On an annual basis, growth ticked up to 2.5% from 2.3% in July. Meanwhile, annual average growth dipped to 2.9% from 3.0% a month earlier.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest