Tag Archives: Canada

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 …

Canada’s merchandise trade surplus with the world widened to C$0.59 billion in April from a deficit of C$1.35 billion in March, the monthly data published by Statistics Canada revealed on Tuesday. This reading came in better than the analysts’ estimate for a deficit of C$0.8 billion.

The Canadian seasonally adjusted Ivey Purchasing Managers’ Index (PMI) increased in May to 64.7 from 60.6 in April, data showed on Friday. The employment index leveled up to 67.0 from 58.0, while the inventories index rose to 65.3 from 59.4 in the previous month. The supplier deliveries index fell to …

The Unemployment Rate in Canada edged higher to 8.2% in May from 8.1% in April with the Net Change in Employment falling by 68,000, compared to market expectation of -20,000, the data published by Statistics Canada showed on Friday.

Canada’s Real Gross Domestic Product (GDP) expanded at a monthly rate of 1.1% in March, the data published by Statistics Canada showed on Tuesday. This reading came in slightly higher than the market expectation of 1% and followed February’s growth of 0.4%.

Canada has posted a current account surplus of C$1.18 billion in the first quarter of 2021 after registering a current account deficit of C$5.27 billion (revised from C$7.26 billion) in the fourth quarter of 2020.

Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 3.4% in April from 2.2% in March, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.2%. On a monthly basis, the CPI arrived at 0.5% …