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
  • 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.

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