Canada's July 2026 GDP held essentially flat at 0.0% month-over-month per Statistics Canada's September 29 release, aligning precisely with the market's dominant 0.0-0.1% outcome. Offsetting movements across sectors underpinned the result: construction rose 1.3% for a fourth straight month while utilities expanded 1.7%, but these gains were balanced by declines in manufacturing (-0.9%), mining and oil and gas extraction (-0.5%), and retail and wholesale trade, leaving both goods- and services-producing aggregates nearly unchanged. This outcome followed three prior months of positive growth and a solid 0.8% second-quarter expansion, with an advance estimate pointing to a modest 0.2% rebound in August. The near-certain pricing reflects the verified data release, though subsequent revisions or shifts in volatile components such as energy output could still influence final readings.
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