The Globe and Mail reports in its Wednesday edition that economic growth cooled off ahead of the latest U.S. tariff volley this summer, Statistics Canada said Tuesday.
A Canadian Press dispatch to The Globe says real gross domestic product was essentially unchanged in July. Strength in construction and utilities that month was offset by declines elsewhere in the economy.
TD Bank economist Marc Ercolao said stalled growth in July isn't alarming. Some of the month's declines in manufacturing and the mining and quarrying sector were attributed to one-off factors like production disruptions, he noted.
"It's part of the broader volatility that we've seen in Canadian growth," Mr. Ercolao said.
Offsetting the weakness in July was a 1.3-per-cent-gain for the construction sector, which marked its fourth consecutive month of growth after declines in late 2025 and early 2026.
Non-residential building construction saw its best month since the start of 2022, Statscan said, owing primarily to activity around a new hospital building in Toronto.
Statscan also said a 1.7-per-cent surge in electricity generation, transmission and distribution powered the utilities sector to its strongest month of growth all year.
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