Statistics Canada reports GDP up 0.1% in August boosted by oil and gas subsector
OTTAWA — The energy and financial sectors helped boost Canadian economic growth in August despite weakness in manufacturing due to auto assembly plant shutdowns.
Statistics Canada said Wednesday real gross domestic product edged up 0.1 per cent in August, the seventh consecutive month to see an increase.
Economists had expected no change for the month, according to Thomson Reuters Eikon.
Growth in oil and gas extraction and the finance and insurance sector helped to more than offset declines in 12 of the 20 industrial sectors tracked.