US EditionCanada’s economy shrank 0.3% in August, weak growth expected in Q3: StatCan
Tariffs from the U.S. and an Air Canada flight attendants strike contributed to a 0.3% GDP decline in August, with mining and manufacturing sectors hardest hit, Statistics Canada said.
- On Oct. 31, 2025, Statistics Canada said real gross domestic product declined 0.3 per cent in August and early signs suggest the economy barely managed any growth in the third quarter.
- Tariffs from the United States reduced exports and helped drive a second-quarter 1.6 per cent GDP drop, while a work stoppage among Air Canada flight attendants hampered air transportation activity in August.
- The manufacturing sector contracted 0.5 per cent in August, while mining, quarrying and oil and gas extraction fell 0.7 per cent, with metal ore down 1.2 and coal down five per cent, according to StatCan.
- An advance indicator suggested September GDP would grow 0.1 per cent, taking third quarter annualized growth to 0.4 per cent, while the Bank of Canada cut its overnight benchmark interest rate to 2.25% this week and said growth may be 'modest'.
- StatCan cautioned the advance estimate can change, September preliminary report is due in November, and two consecutive quarterly contractions define a technical recession.
40 Articles
40 Articles
Canada’s GDP Down 0.3% in August, Weak Q3 Growth Anticipated: StatCan
Canada’s real gross domestic product (GDP) saw a decline of 0.3 percent in August, and preliminary indicators suggest the economy registered little growth in the third quarter, according to a new report from Statistics Canada. August marked the fifth decline this year for goods-producing industries, while the services sector experienced its first contraction in six months, the Oct. 31 report found. August’s downturn largely counterbalances a 0.3…
The goods-producing industries registered a decline in August for the fifth time this year, Statistics Canada reports.
The Canadian economy showed signs of weakness in August, but most economists commenting on the latest data believe that the Bank of Canada should not lower its interest rates soon.
Manufacturing AUTOMATION
Canadian ManufacturingCanada’s Economy Shrank 0.3% In August, Weak Growth Expected In Q3: StatCan
Oct. 31, 2025, Canada — Real gross domestic product declined 0.3 per cent in August and early signs suggest the economy barely managed any growth in the third quarter, Statistics Canada said Friday. Goods-producing industries were down in August for the fifth time this year while the services side contracted for the first time in six months, StatCan said. The agency said August’s decline mostly offsets a gain of 0.3 per cent in real GDP for July…
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