Statistics Canada says the country’s economy grew for the third consecutive month in July.
The agency says real GDP increased by three per cent, following a 6.5 per cent increase in June.
But overall economic activity was still about six per cent below February’s pre-pandemic level.
All 20 industrial sectors posted increases in July, with the agriculture, utilities, finance and insurance, as well as real estate rental and leasing sectors surpassing their pre-pandemic levels.
StatCan says preliminary information suggests a one per cent increase in GDP for August, with overall economic recovery continuing at a more moderate pace. The estimate will be revised on Oct. 30 when the official GDP data for August is released.
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