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Investing.com -- Canada’s real gross domestic product (GDP) increased by 0.2% in September, reversing August’s 0.1% decline, with goods-producing industries driving the expansion, according to data from Statistics Canada.
The manufacturing sector led overall growth with a 1.6% expansion, as both durable and non-durable goods manufacturing showed strength. Durable goods manufacturing rose 2.1%, with machinery and wood product manufacturing both increasing 5.5%. Transportation equipment manufacturing rebounded 2.1% as Ontario auto assembly plants resumed production following summer retooling shutdowns.
The transportation and warehousing sector grew 1.2%, partially offsetting August’s decline. Air transportation surged 6.0% following the conclusion of flight attendants’ work stoppage, marking the largest monthly growth rate since May 2022.
Mining, quarrying, and oil and gas extraction expanded 0.3%, with oil and gas extraction rising 0.9% for its fourth consecutive monthly increase. Oil sands extraction grew 1.3%, led by higher synthetic crude production in Alberta.
The wholesale trade sector increased 0.6%, rising for the fourth time in five months, with building material and supplies wholesalers expanding 3.4%.
Retail trade contracted 0.7%, tempering September’s overall expansion, with motor vehicle and parts dealers falling 2.1%. The construction sector decreased 0.2% after four consecutive monthly increases, as residential building construction declined 1.4%.
Looking ahead, advance information indicates real GDP decreased 0.3% in October, with decreases in oil and gas extraction, educational services, and manufacturing partially offset by increases in mining, quarrying and support services.
For the third quarter of 2025, real GDP increased 0.6% after falling 0.5% in the second quarter. The rise was driven by a strengthening trade balance, as imports dropped 2.2% and exports edged up 0.2%. Government capital investment increased 2.9%, while business capital investment remained flat. Household final consumption expenditure fell 0.1%, and government final consumption expenditure declined 0.4%.
The household saving rate rose to 4.7% in the third quarter as disposable income grew slightly more than spending. Corporate income rebounded 2.5% from the second quarter decline, boosted by increased production of energy products.