Canada July GDP Stalls at 0.0% While Preliminary August Data Points to Rebound

Canada's gross domestic product was unchanged at 0.0% month-over-month in July 2026, meeting market expectations. The pause followed an upwardly revised 0.4% expansion in June, while Statistics Canada's advance estimate projected a 0.2% rebound for August. Across July's sectors, gains in construction (+1.3%) and utilities (+1.7%) were offset by contractions in manufacturing (-0.9%) and retail trade (-1.0%). Following the release, USD/CAD edged higher by 7 pips to trade near 1.4179.