Today, Stats Can released news on Canada’s GDP for August – for the third month in a row, our GDP has grown, this time rising 0.3%. This rising percentage was due to the energy sector, without which real GDP would have remained constant.

For the most part, the manufacturing industry saw a decline during the month of August. The industry as a whole fell 0.4% in August. Food, petroleum and primary metal products all saw an increase.

Some interesting highlights:

  • The energy sector advanced by 2.8% in August, including oil and gas extraction (rising 2.6%) and support activities for mining, oil and gas extraction (rising 17%).
  • The construction industry rose 0.1%
  • The financial and insurance industry rose 1.4%.

NorthBridge Consultants’ Canadian Business Blog is dedicated to bringing businesses news and information to help them identify and access the most appropriate government funding programs.

We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.

Related Posts

9 Fintech Startups Advancing Finance Management

Funding & Resources to Offset Tariff Impacts – What You Need to Know

Popular Programs: