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Canada’s GDP slips again

OTTAWA, Ont. -- The country's Gross Domestic Product (GDP) slipped 0.1 per cent in July, after declining 0.2% in Ju...


OTTAWA, Ont. — The country’s Gross Domestic Product (GDP) slipped 0.1 per cent in July, after declining 0.2% in June.

Weakness in the economy was concentrated in manufacturing, which has been on a downward path since August 2000, according to Statistics Canada.

Reduced output of electronic and wood products led the way, but significant declines were also seen in the output of electric utilities, forestry, wholesaling services and agricultural crops.

The economy got a slight boost, however, from mining and oil and gas extraction, while the service sector remained unchanged.


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