{"id":435192,"date":"2026-07-31T20:48:01","date_gmt":"2026-07-31T13:48:01","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-may-gdp-0-3-versus-0-2-expected-435192\/"},"modified":"2026-07-31T20:48:01","modified_gmt":"2026-07-31T13:48:01","slug":"canada-may-gdp-0-3-versus-0-2-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-may-gdp-0-3-versus-0-2-expected-435192\/","title":{"rendered":"Canada May GDP 0.3% versus 0.2% expected"},"content":{"rendered":"<div>\n<ul>\n<li>Prior 0.6% (was 0.5%)<\/li>\n<li>Real GDP: +0.3% m\/m vs 0.2% estimate and marking the second consecutive monthly increase.\n<\/li>\n<li>\nBroad-based growth: 13 of 20 industrial sectors posted gains during the month.\n<\/li>\n<li>\nGoods-producing industries: +0.6%, with most sectors contributing to the increase.\n<\/li>\n<li>\nServices-producing industries: +0.2%, led primarily by gains in:<\/p>\n<ul>\n<li>Real estate and rental &amp; leasing<\/li>\n<li>Public administration<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>For June:\u00a0<\/p>\n<ul>\n<li>Advance information indicates that real\u00a0<a class=\"acro02-tooltip tooltipstered\" style='box-sizing: border-box; background-color: rgba(255, 255, 255, 1); text-decoration: none; color: rgba(51, 51, 51, 1); cursor: help; border-bottom: 1px dotted rgba(0, 0, 0, 1); font-family: \"Noto Sans\", sans-serif; font-size: 20px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0; text-transform: none; widows: 2; word-spacing: 0; white-space: normal'>GDP<\/a>\u00a0increased\u00a00.2% in June. Increases in wholesale, finance and insurance, and retail trade were partially offset by decreases in utilities and agriculture, forestry, fishing and hunting. Owing to its preliminary nature, this estimate will be updated on August\u00a028,\u00a02026, with the release of the official\u00a0<a class=\"acro03-tooltip tooltipstered\" style='box-sizing: border-box; background-color: rgba(255, 255, 255, 1); text-decoration: none; color: rgba(51, 51, 51, 1); cursor: help; border-bottom: 1px dotted rgba(0, 0, 0, 1); font-family: \"Noto Sans\", sans-serif; font-size: 20px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0; text-transform: none; widows: 2; word-spacing: 0; white-space: normal'>GDP<\/a>\u00a0by industry data for June.<\/li>\n<\/ul>\n<p>Details:<\/p>\n<ul>\n<li>\nMining, quarrying, oil &amp; gas extraction: +1.0%<\/p>\n<ul>\n<li>\nTwo of the three subsectors expanded for the second consecutive month.\n<\/li>\n<\/ul>\n<\/li>\n<li>\nPublic sector: +0.3%<\/p>\n<ul>\n<li>\nGains were seen across education, health care &amp; social assistance, and public administration.\n<\/li>\n<\/ul>\n<\/li>\n<li>\nConstruction: +0.8%<\/p>\n<ul>\n<li>\nAll subsectors moved higher.\n<\/li>\n<li>\nEngineering &amp; other construction: +1.1%.\n<\/li>\n<li>\nResidential building construction: +1.1%, led by apartment building construction.\n<\/li>\n<\/ul>\n<\/li>\n<li>\nReal estate &amp; rental and leasing: +0.4%<\/p>\n<ul>\n<li>\nBroad-based gains across all subsectors.\n<\/li>\n<li>\nOffices of real estate agents, brokers &amp; related activities: +5.1%, the second consecutive monthly increase.\n<\/li>\n<li>\nLargest monthly gain since October 2024, reflecting stronger home resale activity, particularly in Ontario and British Columbia.\n<\/li>\n<\/ul>\n<\/li>\n<li>\nManufacturing: +0.3%<\/p>\n<ul>\n<li>\nMost manufacturing subsectors posted gains.\n<\/li>\n<\/ul>\n<\/li>\n<li>\nNon-durable goods manufacturing: +1.0%<\/p>\n<ul>\n<li>\nFourth consecutive monthly increase.\n<\/li>\n<li>\nChemical manufacturing: +5.9% after three straight monthly declines.\n<\/li>\n<li>\nPharmaceutical &amp; medicine manufacturing: +9.4%, supported by stronger exports.\n<\/li>\n<\/ul>\n<\/li>\n<li>\nDurable goods manufacturing: -0.2%<\/p>\n<ul>\n<li>\nDeclines led by:<\/p>\n<ul>\n<li>\nMachinery: -2.2%\n<\/li>\n<li>\nMiscellaneous manufacturing: -7.5%\n<\/li>\n<li>\nElectrical equipment, appliances &amp; components: -4.0%\n<\/li>\n<\/ul>\n<\/li>\n<li>\nPartly offset by gains in:<\/p>\n<ul>\n<li>\nFabricated metal products: +2.5%\n<\/li>\n<li>\nMotor vehicle manufacturing: +4.7%<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul><\/ul>\n<\/p>\n<ul>\n<li><\/ul>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior 0.6% (was 0.5%) Real GDP: +0.3% m\/m vs 0.2% estimate and marking the second consecutive monthly increase. Broad-based growth: 13 of 20 industrial sectors posted gains during the month. Goods-producing industries:&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435192","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435192"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435192\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}