Tag Archives: Canada

Manufacturing sales in Canada increased by 0.3% to $54.1 billion in October, data by Statistics Canada showed on Tuesday. The September reading was revised to show a rise of 2.2%, compared with a previous estimate of a 1.5% increase. On an annual basis, manufacturing sales declined by 5.2%. The rise …

Industrial capacity utilization rate in Canada rose during the third quarter (Q3) of 2020, but remained at a record low level, data showed on Friday. The capacity utilization rate reached 76.5% in Q3, rising by 5.8% on a quarterly basis, compared with its level in Q2 at 70.7%, according to …

The Bank of Canada (BoC) on Wednesday maintained interest rates unchanged, as well as its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week. The rebound in the global and Canadian economies has unfolded …

The Bank of Canada (BoC) maintained its target for the overnight rate at the effective lower bound of 0.25%, with the Bank Rate at 0.5% and the deposit rate at 0.25%.

Markets are looking forward to Wednesday’s decision interest rates by bank of Canada, and it is widely expected that the Bank of Canada will leave the interest rate unchanged (0.25%). The bank may make some statements regarding the Canadian economy after Canadian data came in above expectations in terms of …

The Unemployment Rate in Canada declined to 8.5% in November from 8.9% in October, the data published by Statistics Canada showed on Friday. This reading beat analysts’ estimate of 8.9%.

Canadian labor productivity plunged by 10.3% in the third quarter, where working hours rebounded faster than production business. This was the largest quarterly decline recorded. Labor productivity declined 10.3% on a seasonally-adjusted basis in the third quarter, Statistics Canada said Wednesday, following 10%-plus gain in the previous three-month period. In …

Manufacturing activity in Canada maintained a good expansion pace last month, data showed on Tuesday. The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) registered 55.8 in November, up from 55.5 in October. The headline index has now posted above the 50.0 no-change threshold in each month …

Real Gross Domestic Product (GDP) in Canada grew by 8.9% on a quarterly basis in the third quarter after contraction by 11.3% in the second quarter, the data published by Statistics Canada showed on Tuesday. On a yearly basis, the economy expanded by 40.5% in Q3 and missed the market …

Wholesale sales in Canada are expected to have increased by 0.9% in October, according to estimates by Statscan released on Monday, Reuters reported. The rise in wholesale sales follows an equal one in September. The preliminary estimate is based on a weighted response rate of 53.0%, according to Statscan. Meanwhile, …