Canada's GDP rises 0.3% in July

Market news

30 September 2015

Canada's GDP rises 0.3% in July

Statistics Canada released GDP (gross domestic product) growth data on Wednesday. Canada's GDP growth rose 0.3% in July, exceeding expectations for a 0.2% increase, after a 0.4% gain in June.

The increase was driven by rises in mining, quarrying, and oil and gas extraction, manufacturing, and the finance and insurance sector.

The mining, quarrying and oil and gas extraction sector rose 2.9% in July, manufacturing output increased 0.6%, while the finance and insurance sector climbed 0.8%.

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