The Canadian GDP is expected to have grown by 0.2% from the previous month in June of 2026, translating to a 0.8% expansion in the second quarter. The preliminary data indicated higher output for wholesale, finance and insurance, and retail trade. These offset declines for utilities and agriculture. Richer data showed that the GDP expanded by 0.3% in May, reflecting some resilience despite the inflationary pressure from higher energy prices in the period due to the war in Iran. Goods producing industries expanded by 0.6% amid as higher oil and gas prices lifted mining, quarrying, and oil and gas extraction output by 1%. Meanwhile, services expanded by 0.2%, as a 0.4% growth rate in real estate and 0.3% jump in retail trade offset a 0.4% contraction in wholesale trade.