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Canada's GDP was flat in August; September advance is -0.1%

Statistics Canada says real GDP was essentially unchanged in August 2026. Its advance estimate for September points to a 0.1% decline, which would leave third-quarter growth at about 0.3%.

By FTC Editorial TeamPublished 1 min read

Real gross domestic product in Canada was essentially unchanged in August 2026, the second consecutive month in which it did not move in any meaningful way. Statistics Canada published the release on 30 October 2026 (Statistics Canada: Gross domestic product by industry, August 2026).

Canada's GDP was flat in August; September advance is -0.1% — central bank rate path diagram
A central bank's policy rate path across recent meetings

Key figures

  • August real GDP: essentially unchanged; 9 of 20 industrial sectors expanded
  • Mining and quarrying, excluding oil and gas: up 4.9%, the largest monthly gain since July 2025
  • Oil and gas extraction: down 1.2%, the third monthly decline in a row
  • September advance estimate: real GDP down 0.1%
  • Third quarter: the advance information suggests growth of 0.3%
Canada's GDP was flat in August; September advance is -0.1% — bid-ask spread diagram
The bid-ask spread on a currency pair

Reading it

Mining drove much of the August picture. Potash output rose 12.0%, and other metal ore mining rebounded by 56.2% as extraction and ore processing in northern Saskatchewan resumed after production disruptions. Oil sands extraction fell after maintenance at some facilities in northern Alberta. The September figure is an advance estimate, and Statistics Canada will publish the official September data on 30 November 2026. For the earlier quarter, see Canada's second-quarter GDP. For how growth data are read in forex, see GDP explained for forex traders.

Canada's GDP was flat in August; September advance is -0.1% — risk-reward diagram
A risk-reward ratio of 1 to 2

Sources

  1. Statistics Canada: Gross domestic product by industry, August 2026 (30 October 2026)

Common questions

Did Canada's economy grow in August 2026?

Real GDP was essentially unchanged, according to Statistics Canada, and 9 of its 20 industrial sectors expanded.

What did Statistics Canada say about September 2026?

Its advance estimate shows real GDP down 0.1% in September, and it says the information suggests the economy grew 0.3% in the third quarter.

This article is for information only and is not financial advice. Trading forex and CFDs carries a high risk of losing money. Read the risk warning. Spotted an error? Tell the editors.

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