Canadian economy grew by 0.1% in August, StatsCan says

Statistics Canada says real gross domestic product grew 0.1% in August, following no change in July.

Economists on average had expected growth of 0.2% for the month, according to financial markets data firm Refinitiv.

Statistics Canada says 14 out of 20 industrial sectors posted gains.

A rebound in manufacturing helped goods-producing industries rise 0.2% after two months of declines.

The manufacturing sector grew 0.5% as durable manufacturing rose 1.0%, while non-durable manufacturing fell 0.2%.

Services-producing industries edged up 0.1%.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.