Technical Analysis
Canada August GDP +0.1% vs 0.0% expected
- Prior was +0.1% m/m
- Services-producing industries +0.3%
- Goods-producing industries -0.3%
- Increases in the oil and gas extraction subsector, the manufacturing
sector and the public sector were partially offset by declines in
construction - Advance Sept GDP +0.1%
- Advance Q3 GDP +0.4% y/y
- Construction sector -0.9% in fifth consecutive decline
- Full report
Services-producing industries regained momentum in August following the
first contraction in six months in July. Meanwhile, goods-producing
industries were down, led by declines in manufacturing, oil and gas
extraction, and construction activity.