Tag Archives: Canada

Canada’s Real Gross Domestic Product (GDP) expanded by 0.7% in November to mark its seventh straight monthly expansion, the data published by Statistics Canada showed on Friday. This reading came in higher than the market expectation of 0.4%.

Canadian building permits declined in value by 4.1% during December, data by Statistics Canada showed on Thursday. The decline comes below market expectations of a 5% decrease. On an annual basis, building permits decreased to an unadjusted reading of 2.3% last year compared with 2019, but rose by 3.1% compared …

The Bank of Canada (BoC) has decided to maintain its current interest rate unchanged at 0.25%. The Canadian central bank has vowed to maintain the low rate until the economic recovery from the impact of the Coronavirus pandemic is well underway. This comes against some market expectations the BoC may …

Inflation in Canada, as measured by the Consumer Price Index (CPI), fell 0.2% MoM in December, data published by Statistics Canada showed on Wednesday. On a yearly basis, the CPI eased to 0.7% as against consensus estimates pointing to a reading of 1%. The readings were well below market expectations. …

Manufacturing sales in Canada declined during November for the fourth month in a row, falling by 0.6%, according to data by Statistics Canada released on Tuesday. Manufacturing sales registered CAD 53.7 billion in November.

Wholesale sales in Canada increased during November 2020 for the seventh consecutive month to reach a new record high, data by Statistics Canada showed on Tuesday. Wholesale sales rose by 0.7% to hit a new all-time high of CAD 67.4 billion. In volume, wholesale sales went up by 0.9% in …

Employment in Canada declined by 62,600 in December, compared to expectations of 27,500, and the Unemployment Rate ticked up to 8.6% from 8.5% in November as expected, Statistics Canada reported on Friday.

The United Kingdom (UK) and Canada have agreed transitional measures to maintain the flow of goods between the two countries starting from January 1, 2021, the British Department of International Trade announced on Tuesday. The new agreement will allow the continuity of free trade, without tariffs, between the two countries …

Canada’s New Housing Price Index showed that new home buyers saw prices rise by 0.6% in November. New single-family house prices increased by 3.7% since the beginning of the pandemic in March, according to Statistics Canada. On the national level, new house prices went up by 4.6% on an annual …

Retail sales in Canada continued to grow during October and rose by 0.4%, data by Statistics Canada showed on Friday. The total value of retail sales increased to $54.6 billion. This is the sixth consecutive monthly rise for Canadian retail sales, after recording an unprecedented decline in April due to …