Tag Archives: Canada

On Monday, Canadians head to the polls to choose between the Liberals led by Prime Minister Justin Trudeau and the Conservative Party led by Erin O’Toole. Direct voting between the two parties is volatile. Still, a repeat of 2019 is likely when the Liberals lost the parliamentary majority and the …

The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the July policy meeting as expected. Moreover, the bank said that it will continue to purchase government of Canada bonds at a target weekly rate of C$2 billion.

The Bank of Canada (BoC) is widely expected to keep its QE program and the policy rate of 0.25% unchanged following the September meeting on Wednesday 8 at 14:00 GMT NBF “The central bank’s monetary policy meeting should be a quiet affair, with no substantive policy changes expected and no …

Markets await the Bank of Canada’s rate decision today, Wednesday, with market expectations that the central bank will remain unchanged and maintain rates at current low levels. However, restrictions are limiting the Bank of Canada’s movements, the first of which is the delta mutant of the Coronavirus and the rapid …

All 34 economists that took part in a recently conducted Reuters poll said that they expect the Bank of Canada to leave its policy rate unchanged at the September 8 meeting. Further details of the survey revealed that the median view was for the BoC to raise its policy rate …

Canada registered a trade surplus in July with both imports and exports hitting new record high levels, according to the most recent data. The trade surplus reached CAD 778 million, with exports rising 0.6% and imports surging by 4.2%, as per Statistics Canada. June’s reading was revised to show a …

Canadian building permits declined in July by 3.9%, data by Statistics Canada showed on Thursday. The total value of building permits amounted to CAD 9.9 billion, rising by 21.8% on an annual basis. The reading comes against market expectations, after a 7.2% increase in June.

Manufacturing activity in Canada expanded in August, showing its best improvement since April, data showed on Wednesday. The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) rose to a seasonally adjusted 57.2 in August from 56.2 in July. The new orders index rose to 55.8 from 55.3. The stocks of …

The Canadian economy’s performance during the second quarter of the year came against most market expectations, showing a contraction amid a drop in home sales and exporting activity. A decline in the number of coronavirus cases and lifting the lockdown and preventive measures was not enough for a strong rebound …

Private sector employment in Canada rose by 221,300 jobs from June to July, the ADP Research Institute revealed in its monthly report on Thursday. This reading followed the previous print of -106,200 (revised from -294,200).