Canada's GDP grew 0.2% in July.

Canada's gross domestic product (GDP) grew by 0.2% in July, surpassing analysts' expectations. This growth was attributed to increased output from sectors such as finance, insurance, retail trade, and the public sector. July marked the fourth consecutive month of GDP gains in Canada, with the economy growing in six out of the last seven months. However, the data still fell below the Bank of Canada's forecasts for the third quarter, and further cuts are expected. Despite this, recent gains contradict the prevailing pessimism towards the economy. [Extracted from the article]