Canadian GDP Stagnates in August, Declines Slightly in September Estimate

Canada's real Gross Domestic Product (GDP) saw no change in August 2026, with an early estimate for September indicating a 0.1% contraction. This September decrease is primarily attributed to declines in manufacturing, mining, quarrying, and oil and gas extraction, partially offset by growth in utilities and wholesale trade. Despite recent monthly figures, the Canadian economy is estimated to have expanded by 0.3% overall in the third quarter of 2026.