FX.co ★ Canada GDP Seen Stable in August

In August 2025, Canada's real GDP remained largely unchanged compared to the previous month, as per a preliminary estimate. Increases in wholesale and retail trade were counterbalanced by declines in the sectors of mining, quarrying, oil and gas extraction, manufacturing, and transportation and warehousing. When looking at July, Canada's GDP grew by 0.2% from the prior month, revised upwards from an initial estimate of a 0.1% increase, marking the most robust growth since January. In July, the extractive industries were at the forefront of this growth, with mining and quarrying (excluding energy) both advancing by 2.6%, while metal ore mining also saw a 2.6% rise. Additionally, oil and gas extraction noted a 0.9% increase. Elsewhere, growth was also evident in transportation and warehousing, which grew by 0.6%, manufacturing by 0.7%, and real estate by 0.3%. However, retail trade saw a decline of 1%.