Canada August GDP -0.3% vs 0.0% expected


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  • Prior was +0.2% (revised to +0.3%)
  • Goods-producing industries declined 0.6% in August
  • Services-producing industries edged down 0.1%
  • Flight attendant strike behind a 1.7% decline in transportation and warehousing
  • Wholesale trade sector declined 1.2% in August
  • Mining, quarrying, and oil and gas extraction contracted 0.7% in August
  • The utilities sector contracted 2.3% as worsening drought conditions hampered hydroelectric power generation

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This article was written by Adam Button at investinglive.com.

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