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%.