Tag Archives: Canada

Statistics Canada said the annual inflation rate in Canada accelerated to 8.1% in June, the highest level since January 1983, mainly due to higher gasoline prices. The Federal Agency said that fuel price was the largest contributor to the increase in the overall rate, as the price of motor gasoline …

Private sector employment in the US rose by 128,000 in May according to US payroll company ADP’s latest estimate of employment change released on Thursday. That was below expectations for 300,000 rise and lower than April’s 247,000 gain. 

Data released on Wednesday showed the annual inflation rate rose to 6.8%, the highest level since January 1991. Analysts at CIBC point out inflation could rise further in May before starting to slowdown during the second half of the year. Key Quotes: “There’s no respite yet for Canadian consumers when …

According to the latest figures released on Tuesday by Statistics Canada, the Canadian Trade surplus fell unexpectedly to C$2.49B in March from C$3.08B a month earlier versus expectations for a rise to C$3.9B. Exports were up 6.3% MoM to C$63.63B from C$59.84 a month earlier, while imports were up 7.7% …

Headline Retail Sales in Canada rose by 0.1% MoM in March, according to the latest figures released by Statistic Canada on Friday, above expectations for a 0.4% MoM decline. March’s 0.1% growth rate marked a substantial slowdown from February’s strong 3.3% MoM growth rate, which was revised a tad higher …

The Canadian economy added 72,500 jobs in March, a tad below the median economist forecast for 80,000 jobs to have been added on the month, a report released by Statistics Canada on Friday showed. That marked a significant deceleration in the pace of job gains versus February when 336,600 jobs …

Biden administration officials are looking at ways to boost oil imports from Canada, the Wall Street Journal reported on Tuesday. The White House still opposes the Keystone pipeline and other options include shipping more oil by rail, or expanding pipeline capacity along existing routes. The Canadian dollar saw immediate strength …

Data from Canada’s energy regulator showed on Wednesday that the country’s imports of crude oil in 2021 fell to their lowest level in more than three decades as domestic supplies increased. The data indicated that imports fell about 20 percent in 2021 to 473,000 barrels per day, from 579,000 barrels …

Headline Canadian Retail Sales rose at a pace of 3.2% MoM in January, much stronger than the expected 2.4% gain, marking a strong rebound from December’s Omicron Covid-19 variant induced drop of 1.8% MoM, data released by Statistics Canada showed on Friday. Retail Sales excluding autos also saw stronger than …

The Canadian economy added 336,600 jobs in February, well above the median economist forecast for 160,000 jobs to have been added on the month, a report released by Statistics Canada on Friday showed. That marked a substantial improvement compared to January, when slightly more than 200,000 jobs were lost as …