• Canada's GDP rises 0.1% in August

Market news

30 October 2015

Canada's GDP rises 0.1% in August

Statistics Canada released GDP (gross domestic product) growth data on Friday. Canada's GDP growth rose 0.1% in August, in line with expectations, after a 0.3% gain in July.

The increase was driven by rises in manufacturing, mining, quarrying, and oil and gas extraction, and retail trade sector.

The mining, quarrying, and oil and gas extraction sector rose 0.4% in August, manufacturing output increased 0.4%, while the retail trade sector climbed 0.6%.

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