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According to the new GDP figures from StatsCan... the Canadian economy remains steady in July

According to the new GDP figures from StatsCan... the Canadian economy remains steady in July

By Omayma othmani

Published: September 29, 2023

The GDP of Canada did not change in July, as the services sector grew slightly while the goods-producing industries contracted.

Statistics Canada reported on Friday that the overall value of the Canadian economy did not change in July, with zero percent growth. Economists were expecting a slight increase of about 0.1 percent.

The manufacturing sector also contracted by 1.5%, the largest decline in more than two years.

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