September 30, 2026
Statistics Canada announced that Canada's real gross domestic product (GDP) was essentially unchanged in July.
The goods-producing industries grouping was essentially unchanged in July as increases in construction and utilities were offset by declines in the other sectors comprising the aggregate.
The services-producing industries aggregate was essentially flat, as increases across several sectors were offset by declines in retail trade and wholesale trade. Overall, 10 of 20 industrial sectors expanded in July.
The construction sector increased 1.3% in July, rising for a fourth consecutive month. These four consecutive increases offset the declines recorded during the final months of 2025 and the beginning of 2026.
The utilities sector expanded 1.7% in July, more than offsetting June's contraction. A rebound in electric power generation, transmission and distribution (+1.7%) led the increase, marking the largest growth for the industry group since December 2025. A heat wave in July 2026 swept across many parts of Canada, driving higher demand for electricity.
The manufacturing sector decreased 0.9% in July, as both non-durable goods manufacturing industries (-1.3%) and durable goods manufacturing industries (-0.5%) were down in the month. This was the sector's first decrease in four months, with contractions concentrated in a handful of subsectors.