Tag Archives: Canada

Housing starts in Canada increased to 273,664 units last month up from 252,636 units in February, data by Canada Mortgage and Housing Corporation (CMHC) showed on Monday. The standalone monthly seasonally adjusted annual rates (SAAR) of housing starts for all areas in Canada stood at 335,200 units in March, rising …

Home sales in Canada rose by 5.2% in March, data by the Canadian Real Estate Association showed on Thursday. More than 76,000 residential units were traded last month, marking the highest level of real estate trading activity on record. The previous record high was set in July 2020 at around …

A recent survey by the Bank of Canada (BoC) showed on Monday that business sentiment in Canada improved with the economy showing signs of recovery from the negative impacts caused by the Coronavirus pandemic. Roughly two thirds of Canadian businesses reported their sales returning to their levels prior to the …

The Unemployment Rate in Canada declined to 7.5% in March from 8.2% in February as the Net Change in Employment rose by 303,000, the data published by Statistics Canada revealed on Friday. Both of these readings came in stronger than analysts’ estimates.

Here you can find the forecasts of economists and researchers of 4 major banks regarding the upcoming employment data. CIBC “There was likely an echo in March from February’s boom in hiring. As restrictions were further relaxed, employment likely recovered more ground, particularly in the hardest-hit sectors of the economy. …

Canada’s merchandise trade surplus with the world narrowed to $ 1,04 billion in February from $ 1.2 billion in January, the monthly data published by Statistics Canada revealed on Wednesday. This reading came in slightly better than analysts’ estimate for a surplus of $ 1 billion.

The business activity in Canada’s manufacturing sector continued to expand at a robust pace in March with the IHS Markit Manufacturing PMI rising to 58.5 from 54.8 in February.

The average weekly income of non-farm employees in Canada grew 8.3% Y-o-Y to 1,135 CAD in January 2021, after a bullish rate of 6.9% in December. It was the largest gain in profits since July, as job losses since February 2020 have been concentrated among hourly and lower-paid employees.

Retail Sales in Canada declined by 1.1% in January to $54.5 billion, the data published by Statistics Canada revealed on Friday. This reading followed December’s decrease of 3.4% and came in better than analysts’ estimate for a fall of 3%.

Private sector employment in Canada decreased by 100,800 jobs from January to February, the ADP Research Institute revealed in its monthly report on Thursday. On a positive note, January’s print got revised up to -65,800 from-231,200.