Canada’s GDP remained stagnant in August after remaining unchanged in July, according to Statistics Canada.
The statistics agency reported on Oct. 30 that the country’s economy did not grow in August, falling short of the its projection of 0.2 percent growth. StatCan said out of the 20 industrial sectors, nine of them expanded that month.
There was a 1.8 percent increase in motor vehicle and parts sales, while general merchandise retailers saw a 1.5 percent rebound, and food and beverage retailers saw growth of 1.3 percent. Additionally, Canada’s manufacturing sector rose by 0.3 percent in August, with machinery manufacturing leading the way with 3.8 percent growth….