Population still outpaced GDP uptick in July: StatsCan

Statistics Canada released its latest data on the country’s real GDP, which grew 0.2 per cent in July. However, it sits at 0.87 per cent year-over-year, below the 0.94 per cent population growth.

Source: Grok

Statistics Canada released its latest data on the country’s real gross domestic product, which grew 0.2 per cent in July. However, it sits at 0.87 per cent year-over-year, below the 0.94 per cent population growth.

Private GDP is still below the population growth on a year-over-year basis, while public GDP remains above.

This is largely becaus…