Tag Archives: Canada

Hiring plans among Canadian businesses surged to an all-time high, according to the most recent Bank of Canada (BoC) Business Outlook Survey. The majority of businesses have plans for hiring in the coming 12 months, due to expectations for demand recovery and faster sales growth as lockdown measures are eased. …

The business activity in Canada’s manufacturing sector continued to expand in June, albeit at a softer pace than it did in June, with the Markit Manufacturing PMI edging lower to 56.5 from 57 in May.

Canada’s international merchandise trade deficit came in at C$1.4 billion in May as data published by Statistics Canada showed on Friday, worse than market expectations of C$0.37 billion. “In May, Canada’s merchandise imports increased 2.1%, while exports fell 1.6%,” the publication read. “In May, the average value of the Canadian …

Canada’s Real Gross Domestic Product (GDP) contracted at 0.3% in April, the data published by Statistics Canada showed on Wednesday. This reading came in better than the market expectation for a decrease of 0.8%. In March, the Canadian economy grew by 1.3%.

Retail Sales in Canada fell by 5.7% on a monthly basis in April, the data published by Statistics Canada showed on Wednesday. This reading followed March’s increase of 3.6% and came in worse than the market expectation for a contraction of 5%.

Private sector employment in Canada increased by 101,600 jobs from April to May, the ADP Research Institute revealed in its monthly report on Thursday. This reading followed the previous print of 101,300 (revised from 351,300).

Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 3.6% in May from 3.4% in April, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.5%. On a monthly basis, the CPI remained steady at …

In a widely expected decision, the Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the June policy meeting. The BoC decided to maintain the target of C$3 billion in weekly net asset purchases of the government of Canada bonds as well.

The USD/CAD pair got some positive momentum on Tuesday to rise above the 1.2100 level, and the positive move was supported by the modest strength of the US dollar. However, crude oil prices supported the commodity-linked Canadian dollar and acted as a buffer to any quick rally. Investors remain concerned …

The Bank of Canada is set to leave rates unchanged at 0.25% and provide more information about its announcement to taper down its bond buys at 14:00 GMT. Here is the coverage of different banks ING“We expect the BoC 9 June meeting to be quite uneventful and to have a …