Gross domestic product rose 0.1 per cent, the same rate as June, according to Statistics Canada. It projected a flat August. Meanwhile, employers were looking to fill 964,000 open jobs in July, down by 56,400 month-over-month but up 134,300 year-over-year. (The Logic)

Talking point: The economists’ consensus called for a small GDP drop in July. The actual minor increase was an “upside surprise,” Randall Bartlett, senior director of Canadian economics at Desjardins, wrote in a note. “But it’s best not to get too excited.” He cited contractions in accommodation and food services, which had previously risen as consumers rushed back into the real world post-lockdowns, as well as in construction and manufacturing. The information and communication technology sector remained in expansion mode through the month, growing  0.7 per cent, with payroll employment in professional, scientific and technical services increasing by 7,400 workers, or 0.6 per cent.