Tag Archives: Canada

Home sales in Canada declined by 12.5% last month, according to data released by the Canadian Real Estate Association (CREA) on Monday. Meanwhile, the average selling price decreased by 2.9% in April on a monthly basis, reaching CAD 696,000. On the other hand, the average selling price rose by 41.9% …

Economic activity in Canada continued to expand during April but a slower pace compared with its highest level in 10 years, which was recorded in March, data showed on Friday. The seasonally adjusted Ivey Purchasing Managers Index (PMI) retreated to a 60.6 in April from a reading of 72.9 in …

Canada’s economy lost 207,000 jobs last month due to the resurgence of the Coronavirus pandemic, which led to renewed restrictions and lockdown measures, official data showed on Friday. Accordingly, the Canadian unemployment rate increased in April to 8.1% from 7.5% in March, according to Statistics Canada. Data showed that the …

Building permits in Canada increased in March compared with the month before, data showed on Tuesday. In March, the total value of Canadian building permits surged by 5.7% on a monthly basis to reach a seasonally adjusted level of CAD 10.9 billion, according to data by Statistics Canada. February’s reading …

Canada’s imports increased by 5.5% in March, while exports leveled up by 0.3%, data by Statistics Canada showed on Tuesday. Accordingly, the Canadian international merchandise trade balance returned to a deficit position, following two consecutive monthly trade surpluses. Canada registered a trade deficit of CAD 1.1 billion in March, compared …

The headline Canada Manufacturing Purchasing Managers’ Index (PMI) registered a seasonally adjusted reading of 57.2 in April, down from 58.5 in March. The reading signals the third-strongest growth in operating conditions on record, according to IHS Markit’s report released on Monday. “April data signaled another robust overall expansion in operating …

Canada’s retail sales increased by 4.8% to $55.1 billion in February, data showed on Wednesday. Core retail sales rose by 3.8% in February, registering its first monthly increase after two consecutive declines, according to data by Statistics Canada. A preliminary reading for March indicate a 2.3% increase. In volume terms, …

The number of Canadians receiving regular employment insurance benefits increased by 3.6%, or 53,000, to 1.5 million people in February, data showed on Thursday. The reading follows an 11.2% increase in January, according to data by Statistics Canada. The Labour Force Survey (LFS) showed that employment increased by 259,000 in February, following two months …

Canada’s New Housing Price Index (NHPI) rose by 7.9% on an annual basis during March, data by Statistics Canada showed on Thursday. On a monthly basis, the index increased by 1.1%. “The strong demand for new houses, fueled by lower borrowing costs and work from home restrictions, continued pushing up …

The Bank of Canada (BoC) The Bank of Canada (BoC) has decided to maintain its key interest rate unchanged at a record low of 0.25%, as the economy remains in need of support, according to the bank’s statement following its monetary policy meeting on Wednesday. The Canadian central bank expects …