Canada’s economy stalled in July with 0% growth, StatCan says
- Statistics Canada said gross domestic product growth was essentially unchanged in July, coming down from a strong second quarter for the economy.
- The agency said the result came despite a 1.3 per cent gain for the construction sector in July, which marked its fourth consecutive month of growth after declines in late 2025 and early 2026.
- Non-residential building construction saw its best month since the start of 2022, StatCan said, owing primarily to activity around a new hospital building in Toronto.
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- Statistics Canada said gross domestic product growth was essentially unchanged in July, coming down from a strong second quarter for the economy.
- The agency said the result came despite a 1.3 per cent gain for the construction sector in July, which marked its fourth consecutive month of growth after declines in late 2025 and early 2026.
- Non-residential building construction saw its best month since the start of 2022, StatCan said, owing primarily to activity around a new hospital building in Toronto.
Sources: Globalnews