{"id":7070458,"date":"2026-09-30T13:08:27","date_gmt":"2026-09-30T13:08:27","guid":{"rendered":"https:\/\/som2nypost.com\/?p=7070458"},"modified":"2026-09-30T13:08:27","modified_gmt":"2026-09-30T13:08:27","slug":"canadian-gdp-stalls-but-revisions-add-1-in-10-dollars-of-2026-growth","status":"publish","type":"post","link":"https:\/\/som2nypost.com\/?p=7070458","title":{"rendered":"Canadian GDP Stalls, But Revisions Add 1 In 10 Dollars of 2026 Growth"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"content-body\">\n<div class=\"entry-content\" itemprop=\"mainEntityOfPage\">\n<p class=\"wp-block-paragraph\">Canada\u2019s economy is growing faster than expected despite flat growth in the latest GDP report. <a href=\"https:\/\/www.statcan.gc.ca\/en\/start\">Statistics Canada (StatCan)<\/a> data shows gross domestic product (GDP) growth flat in July. Growth reported for half of sectors was offset by a contraction in the other half. New accompanying revisions show previous months had higher output than initially reported, leaving the economy in a better place.\u00a0<\/p>\n<h2 class=\"wp-block-heading\"><strong>Canadian GDP Growth Flatlines, Revisions Provide Slight Boost<\/strong><\/h2>\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/i0.wp.com\/betterdwelling.com\/wp-content\/uploads\/2026\/09\/Canadian-GDP-Stalls-But-Revisions-Add-1-In-10-Dollars-of-2026-Growth.png?ssl=1\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" width=\"1140\" height=\"793\" src=\"https:\/\/i0.wp.com\/betterdwelling.com\/wp-content\/uploads\/2026\/09\/Canadian-GDP-Stalls-But-Revisions-Add-1-In-10-Dollars-of-2026-Growth.png?resize=1140%2C793&amp;ssl=1\" alt=\"\" class=\"wp-image-30336\" srcset=\"https:\/\/i0.wp.com\/betterdwelling.com\/wp-content\/uploads\/2026\/09\/Canadian-GDP-Stalls-But-Revisions-Add-1-In-10-Dollars-of-2026-Growth.png?w=1156&amp;ssl=1 1156w, https:\/\/i0.wp.com\/betterdwelling.com\/wp-content\/uploads\/2026\/09\/Canadian-GDP-Stalls-But-Revisions-Add-1-In-10-Dollars-of-2026-Growth.png?resize=721%2C501&amp;ssl=1 721w, https:\/\/i0.wp.com\/betterdwelling.com\/wp-content\/uploads\/2026\/09\/Canadian-GDP-Stalls-But-Revisions-Add-1-In-10-Dollars-of-2026-Growth.png?resize=768%2C534&amp;ssl=1 768w\" sizes=\"auto, (max-width:2560px) 100vw, 2560px\"\/><\/a><\/figure>\n<p class=\"wp-block-paragraph\"><em>Source: StatCan.<\/em><\/p>\n<p class=\"wp-block-paragraph\">Canadian GDP was essentially unchanged in July, following the upwardly revised 0.4% growth in June. The latest revisions also show the economy grew 0.1% more than previously reported from January to June 2026. While it\u2019s within normal statistical tolerances, it\u2019s worth noting since the revisions represent roughly 10% of total growth in this period.\u00a0\u00a0\u00a0<\/p>\n<h2 class=\"wp-block-heading\"><strong>Half of Canada\u2019s GDP Sectors Grew, Half Shrank<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">Growth was flat, but industry was split\u2014half of the 20 industrial sectors contracted while the other half grew. The biggest drags on growth were manufacturing (-0.9%), retail (-1.0%), and mining, quarrying, and oil and gas extraction (-0.5%). The surge in construction (+1.3%) and utilities (+1.7%) offset the huge plunge in those industries.\u00a0\u00a0<\/p>\n<h2 class=\"wp-block-heading\"><strong>Construction Activity Surges On Government Building In Ontario<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">Construction\u2019s 1.3% growth in July is one of the biggest takeaways, adding the equivalent of 0.09 points of growth to total GDP. It marked the fourth consecutive advance for the segment, offsetting the declines from late 2025 and early 2026. Non-residential activity led the segment, driven largely by work on a <a href=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/260812\/dq260812a-eng.htm\">single new hospital in Ontario that sent it soaring<\/a>. This suggests a less impactful long-term boost in this area, as it was driven by non-market factors.\u00a0\u00a0<\/p>\n<h2 class=\"wp-block-heading\"><strong>Brief Relief From GDP Growth Slump Expected In Next Report<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">The slump isn\u2019t expected to extend into the next report, according to the agency. StatCan\u2019s advance estimate shows 0.2% growth for August 2026, driven by a retail and mining rebound. The near-term gains are expected to be offset by a continued drop in oil and gas extraction. The official release won\u2019t be until October 30th.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The escalation of the trade war took effect at the end of August, so its impact will be limited in that report. The full impact won\u2019t be shown until September\u2019s GDP report, and it\u2019s unlikely to be flattering.\u00a0<\/p>\n<p><h3 class=\"jp-relatedposts-headline\"><em>You Might Also Like<\/em><\/h3>\n<\/p><\/div>\n<p><!-- .entry-content --><br \/>\n\t\t\t\t\t\t\t\t<!-- .entry-footer -->\n\t\t\t\t\t\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s economy is growing faster than expected despite flat growth in the latest GDP report. Statistics Canada (StatCan) data shows gross domestic product (GDP) growth flat in July. Growth reported for half of sectors was offset by a contraction in the other half. New accompanying revisions show previous months had higher output than initially reported, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7070459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[16353,14072,1346,30329,3426,23904,24397],"dealstore":[],"offerexpiration":[],"class_list":["post-7070458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-add","tag-canadian","tag-dollars","tag-gdp","tag-growth","tag-revisions","tag-stalls"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canadian GDP Stalls, But Revisions Add 1 In 10 Dollars of 2026 Growth - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/som2nypost.com\/?p=7070458\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian GDP Stalls, But Revisions Add 1 In 10 Dollars of 2026 Growth - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Canada\u2019s economy is growing faster than expected despite flat growth in the latest GDP report. 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