The Canadian economy added 54.7K jobs in the month of December, above expectations for a 27.5K gain, though still a marked deceleration from the 153.7K jobs added in November, according to the latest release from Statistics Canada released on Friday. Canada saw 122.5K new jobs in full-time employment, whilst part-time …
Read More »Canada: Retail Sales Rose in October
According to a report released by the Statistics Canada on Tuesday, Canadian Retail Sales rose 1.6% MoM in October, more than the expected 1.0% rise and a sharp acceleration from September’s 0.6% MoM decline. To be updated…
Read More »Canada: International Trade Surplus Expands to C$2.09B VS. C$2.00B Expected
Canada’s merchandise trade surplus with the world widened to C$2.09 billion in October from C$1.42 billion in September, monthly data published by Statistics Canada revealed on Tuesday. This reading beat market expectations for a surplus of C$2.00 billion.
Read More »Canada: Economy Adds 153.7K Jobs in November
The Canadian economy added 153.7K jobs in the month of November, well above expectations for a 35K and a marked acceleration from the 31.2K jobs added in October. 79.9K of these job gains were in full-time employment. Meanwhile, the unemployment rate dropped to 6.0% from 6.7% in October, a significantly …
Read More »Annual CPI Rises to 4.7% in October
The annual rate of headline Consumer Price Inflation (CPI) in Canada rose to 4.7% in October, in line with median economist forecasts and up from 4.4% in September, according to data published by Statistics Canada on Wednesday. MoM, headline CPI rose at a pace of 0.7%, also in line with …
Read More »Canada Unemployment Rate Edges Lower
The Unemployment Rate in Canada edged lower to 6.7% in October from 6.9% in September, the data published by Statistics Canada showed on Friday. Net Change in Employment arrived at +31.2K in the same period, beating the market expectation of 19.3K.
Read More »BoC Leaves Policy Rate Unchanged
The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the October policy meeting as expected. More importantly, the BoC decided to end its weekly purchases of the government of Canada bonds, the quantitative easing program. The policy statement revealed that the …
Read More »BoC: Forecasts From Three Major Banks
The Bank of Canada (BoC) will announce its monetary policy decisions at 14:00 GMT. here are the expectations as forecast by the economists and researchers of Three major banks TDS “We expect the BoC to argue that the inflation surge is largely transitory, and to hold forward guidance for the …
Read More »Canada: Retail Sales Rose in August
Retail Sales in Canada rose by 2.1% on a monthly basis in August, the data published by Statistics Canada showed on Friday. This reading followed July’s contraction of 0.6% and came in slightly better than the market expectation for an increase of 2%.
Read More »Canada: Annual CPI rises to 4.4% in September
Annual inflation in Canada, as measured by the Consumer Price Index (CPI), advanced to 4.4% in September from 4.1% in August, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 4.3%.
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