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    HomeLive CommentsCanada GDP flat in July, might edge up 0.1% mom in Aug

    Canada GDP flat in July, might edge up 0.1% mom in Aug

    ActionForex
    By ActionForex

    Canada GDP was essentially unchanged in July, below expectation of 0.10% mom growth. Goods-producing industries contracted -0.3% mom while services-producing industries grew 0.1% mom. Overall, 9 of 20 industrial sectors posted increases.

    Advance information indicates that real GDP edged up 0.1% mom in August. Increases in wholesale trade and finance and insurance sectors were partly offset by decreases in retail trade and oil and gas extraction sectors.

    Full Canada GDP release here.

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