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Macro

Canada August GDP Flat at 0%, Missing 0.2% Forecast

Canada’s gross domestic product was unchanged in August, posting 0% month-on-month growth, Statistics Canada data showed. Economists had expected a 0.2% expansion, while the prior reading was also 0%. The flat print marks a slowdown from the previous month’s 0% pace and falls short of consensus.

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AI take

The miss matters less for its size than for what it confirms: an economy that has stalled rather than merely cooled, with the prior month also flat. For crypto and RWA markets, this is macro backdrop rather than direct catalyst — softer Canadian growth feeds the broader case for easier policy, which has been a tailwind for risk assets. What's worth watching is whether this flatness persists into subsequent prints and whether it shifts Bank of Canada expectations, since the currency and rate path, not the GDP line itself, are what transmit into digital-asset positioning.

Generated by AI for reference only.

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