Canada: Real GDP edged down 0.1% in August

"Real gross domestic product (GDP) edged down 0.1% in August, after being essentially unchanged in July," the Statistics Canada announced on Tuesday.

Key takeaways:

• Declines in manufacturing and mining, quarrying and oil and gas extraction more than offset increases in most sectors (12 out of 20).
• Goods-producing industries contracted for the second consecutive month, declining 0.7% in August in part due to temporary reduced capacity in the manufacturing and the mining, quarrying and oil and gas extraction sectors.
• Services-producing industries edged up 0.1%.
• After growing 2.0% in July, wholesale trade gained 0.4% in August as five of nine subsectors grew.