Tag Archives: Canada

The unemployment rate in Canada fell to 10.9% in July, from 12.3%, as shown by official data on Friday. Market analysts were expecting an 11% unemployment rate, according to a recent Bloomberg survey. However, with the number of new jobs exceeding forecasts, unemployment declined more than expected.

The Canadian economy continued to add new jobs for the third consecutive month, after adding 418,500 jobs in July. Canada has now recovered more than half of the three million lost jobs due to the coronavirus (COVID-19) pandemic, Bloomberg reported. Hourly wages increased by 5.7% last month on an annual …

Net Change in Employment in Canada rose by 418,500, compared to analysts’ estimate of 400,000, in July and brought the Unemployment Rate down from 12.3% in June to 10.9% in July, Statistics Canada reported on Friday. Underlying details of the publication revealed that the Participation Rate improved from 63.8% to …

The monthly data published by Statistics Canada on Wednesday showed that Canada’s trade deficit expanded from $1.33 billion in May to $3.19 billion in June, This reading came in better than the market expectation for a deficit of 0.9 billion.

The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) registered 52.9 in July, up from 47.8 in June. This is the first time for the index to pass the 50-point mark in five months, due to the impacts of the COVID-19 pandemic. An improving customer demand as …

The Canadian Dollar (CAD) showed a strong performance on Wednesday, making the best use of its US rival weakness. Earlier today, data by Statistics Canada showed that the Canadian annual consumer price index (CPI) rose more than expected in June. The CPI rose by 0.7% year-on-year in June, compared with …

Monthly data released by Statistics Canada on Tuesday revealed that Canada’s retail sales rose 18.7% in May to $ 41.8 billion.This reading came after a 19.1% increase in May’s advanced estimates, and slightly worse than the 20% market forecast.

Wholesale sales in Canada increased over the month of May by 5.7% to $52.6 billion, data by Statistics Canada showed on Friday. This comes after wholesales sales fell during April, due to the outbreak of the coronavirus disease (COVID-19), by 21.4%. However, May’s reading missed market expectations which suggested an …

Employment in Canada increased by about 1.043 million jobs in June, compared to May, according to the June ADP Canada National Employment Report. Although jobs in manufacturing decreased by 57,000, jobs in construction increased by 171,000. Meanwhile, the largest increase was in the trade, transportation, and utilities with 347,200 new …

The Bank of Canada (BoC) plans to maintain its main interest rate near zero until the 2% inflation target is sustainably achieved. This comes as the BoC decided to maintain its benchmark interest rate at 0.25% on Wednesday BoC is also committed to buying $3.7 billion worth of Canadian government …