Canada economic growth unchanged in July
OTTAWA (Reuters) - Canada's economic growth remained flat in July compared to June, as strength in manufacturing and wholesale sales was offset by declines in the mining sector, Statistics Canada said on Wednesday.
Analysts polled by Reuters had expected a 0.5 percent increase after the 0.1 percent month-on-month rise in June.
The manufacturing sector grew by 0.8 percent from June as output of motor vehicles and parts increased by 17 percent, reflecting the restart of some assembly lines after temporary closures.
The wholesale trade grew by 1.6 percent, with strong gains in the automotive products and building materials sectors.
The mining sector dropped by 1.5 percent from June -- the ninth consecutive monthly drop -- in part because of temporary closures and falling demand for iron and non-metallic minerals such as diamonds.
(Reporting by David Ljunggren; Editing by Padraic Cassidy)
© Thomson Reuters 2017 All rights reserved.