Statistics Canada GDP data for August shows economic growth was essentially flat in August despite a rebound in retail trade that more than offset a decline in July. Wholesale trade, meanwhile, fell 1.4 per cent in August, as most subsectors contracted.
Canadian economy stalled in August, points to September decline: StatsCan
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CBC - BusinessBy Abby Hughes
EXECUTIVE SUMMARY
Statistics Canada GDP data for August shows economic growth was essentially flat in August despite a rebound in retail trade that more than offset a decline in July. Wholesale trade, meanwhile, fell 1.4 per cent in August, as most subsectors contracted.
Key Takeaways
- Canadian economy stalled in August, points to September decline: StatsCan.
- Statistics Canada GDP data for August shows economic growth was essentially flat in August despite a rebound in retail trade that more than offset a decline in July.
- Wholesale trade, meanwhile, fell 1.4 per cent in August, as most subsectors contracted.
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Published originally on CBC - Business
