Issue 16-188: Gross Domestic Product (GDP)

September 30, 2016

Canadian real GDP by industry at basic prices (seasonally adjusted) advanced 0.5% in July following a 0.6% increase in June.

The goods-producing industries increased 1.0% in July, led by a 3.9% increase in the mining, quarrying & oil and gas extraction sector, a second consecutive monthly increase. This was due to the non-conventional oil extraction industry (i.e. the oilsands), which expanded 19.3% as production resumed at plants affected by the Fort McMurray wildfire. Mining excluding oil and gas extraction declined 3.1 %. Aside from the resource sector, manufacturing (+0.4%), utilities (+0.5%), agriculture, forestry, fishing & hunting (+1.0%) advanced, but construction (-0.8%) declined for a fourth month in a row.

The service-producing industries increased 0.3% in July, with most sectors posting growth led by solid gains in finance & insurance (+0.9%), transportation & warehousing (+1.1%), and accommodation & food services (+1.4%). The public administration (-0.6%) and other services (except public administration) (-0.2%) were the only industries to see declines.

Data Source: Statistics Canada