Canada’s real GDP edged up 0.1% month-on-month in July, as gains in real estate and rental and leasing, mining and quarrying, and wholesale trade were partly offset by a decline in retail trade, according to preliminary estimates. In June 2025, GDP fell 0.1%, marking the third straight monthly decline. The drop was driven by a 0.5% contraction in goods-producing industries, with manufacturing down 1.5% - partly due to US tariffs impacting autos, metals and chemicals—and utilities falling 1.2% as drought curtailed hydroelectric generation. By contrast, services-producing industries grew 0.1% in June, led by retail trade (+1.4%), which rebounded strongly after May’s dip, alongside continued gains in real estate, rental and leasing, as well as wholesale trade (+0.5%). Still, declines in the public sector, transportation and warehousing, and most other service sectors tempered overall growth. Across industries, 11 of 20 sectors contracted in June.