CANADIAN CONSUMER PRICE GAIN AT 2%; M/M +0.5%
by Gordon Isfeld OTTAWA (MaceNews) – Canada’s consumer price index rose by 2.0% in July on a year-over-year basis, the same pace of gains as the previous month, with food and shelter costs fueling much of the increases. The CPI reading on Wednesday was better than expected, with the key reading unchanged last month – and […]
PACE OF CANADIAN HIRING SLOWS IN JUNE
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s economy continued to churn out jobs in June, although at a weaker pace than most previous months, while the unemployment rate edged up to 5.5% as more people were looking for work, Statistics Canada said Friday. The jobless rate had been lower in May, at 5.4%, but that followed […]
CANADA’S PACE OF INFLATION INCREASES IN MAY
By Gordon Isfeld OTTAWA (MaceNews) – Prices for Canadian goods surged in May, with the overall cost of consumer items jumping by 2.4% annualized- up from 2.0% in April – and marking the biggest year-over-year increase since October of last year, Statistics Canada said Wednesday. The gains in consumer costs were led by food items, which […]
CANADA JOB GROWTH SLOWS IN MAY; UNEMPLOYMENT FALLS
By Gordon Isfeld OTTAWA (MaceNews) – The Canadian economy continued to churn out jobs in May, adding 27,700 positions, but that was at a weaker pace than the previous month, as the number of people looking for work declined. The jobless rate declined 0.3 percentage points to 5.4 per cent in May as fewer people […]
CANADIAN ECONOMY EDGES UP IN Q1
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s economy edged up by a meager 0.1 per cent in the first quarter of 2019, matching the fourth-quarter growth of the previous year, with the weak performance gain coming mainly from higher household spending and investments in machine and equipment, even as exports struggled. That translates into an […]
STILL FACING CANADA FINANCIAL ‘VULNERABILITIES’
By Gordon Isfeld OTTAWA (MaceNews) – Canada’s financial system continues to face “vulnerabilities” related to household debt and “imbalances” in the country’s residential markets, even as regulators continue to tighten guidelines in mortgage lending. “New measures have curbed borrowing, reduced speculative behaviour in housing markets and made the financial system more resilient,” the Bank of Canada […]
CANADIAN CONSUMER PRICES RISE 2.0% Y/Y IN APRIL
By Gordon Isfeld OTTAWA (MaceNews) – The prices of consumer goods in Canada rose by 2% annualized in April, up from a pace of 1.9% in the previous month, with seven of the eight key readings tracked by Statistics Canada Wednesday driving the overall increases. The core rate showed no change for the first time since December. […]