Canada took a breather in August after a strong first half of 2017. August saw the first monthly drop of output this year. This is not a reason for concern, while the majority of broad industries saw gains in August (12 out of 20), the few that experienced declines were significant enough as to lead to an overall drop. This pullback was against the backdrop of a very strong recovery through the first part of 2017 as Canada lead its trading partners in GDP growth.
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