Canada Data Response Labour Force Survey (Jan.) The hike in Ontario’s minimum wage to $14.00 an hour on January 1st, from $11.60, had a devastating impact, with 59,300 part-time jobs lost in the first month alone, equivalent to 4.3% of part-time... 9th February 2018 · 1 min read
Canada Data Response International Merchandise Trade (Dec.) The widening in the trade deficit to $3.2bn in December, from $2.7bn, illustrates that Canada is still struggling to benefit from the broad acceleration in global economic growth. The stagnation in... 6th February 2018 · 1 min read
Canada Data Response GDP by Industry (Nov.) The 0.4% m/m increase in November’s GDP was reassuring after the near-stagnation in October, and December was probably a good month too, but we remain concerned that growth will slow in the first half... 31st January 2018 · 1 min read
Canada Data Response Consumer Price Index (Dec.) The gradual strengthening in core inflation evident in December’s consumer price figures would seem to justify the Bank of Canada’s recent decision to raise interest rates again. 26th January 2018 · 1 min read
Canada Data Response Manufacturing Sales (Nov.) The 2.5% m/m rebound in manufacturing sales volumes in November, which was partly due to a rebound in auto production after a union strike ended, points to some modest upside risk to our fourthquarter... 19th January 2018 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Dec.) The small gain in national house prices in December, boosted largely by Vancouver, didn’t prevent a further slowdown in the rate of annual house price inflation to 9.1%, from 9.2%. The recent slump in... 12th January 2018 · 1 min read
Canada Data Response Labour Force Survey (Dec.) & Trade (Nov.) The solid 78,600 increase in employment in December and the drop in the unemployment rate to 5.7%, from 5.9%, suggest that the domestic economy is coping well with recent increases in interest rates... 5th January 2018 · 1 min read
Canada Data Response GDP by Industry (Oct.) The stagnation in monthly GDP in October, partly due to a significant decline in mining output, indicate that the economy lost some momentum in the fourth quarter. Even allowing for a rebound in... 22nd December 2017 · 1 min read
Canada Data Response Consumer Prices (Nov.) The rise in the headline inflation rate to 2.1% in November, from 1.4%, mainly reflects higher energy prices. More importantly, all three core inflation measures remained below the 2.0% target, with... 21st December 2017 · 1 min read
Canada Data Response Manufacturing Sales (Oct.) The large 1.5% m/m drop in manufacturing sales volumes in October was much weaker than the consensus estimate, suggesting that broader economic growth slowed at the start of the fourth quarter. 15th December 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Nov.) The third consecutive monthly decline in the composite house price index in November led to a further slowdown in the rate of annual house price inflation to 10.0%, from 11.4%. The recent slump in... 13th December 2017 · 1 min read
Canada Data Response International Merchandise Trade (Oct.) The rebound in merchandise export volumes in October, following four straight months of declines, is an encouraging start to the fourth quarter. The Bank of Canada will need far more convincing signs... 5th December 2017 · 1 min read
Canada Data Response GDP (Q3 2017) & Labour Force Survey (Nov.) Despite the further slowdown in housing, the continued growth in the economy in the third quarter, and further decline in the unemployment rate in November will undoubtedly strengthen market... 1st December 2017 · 1 min read
Canada Data Response Consumer Price Index (Oct.) The drop in the headline inflation rate to 1.4% in October, from 1.6%, mainly reflects the drop in energy prices, which have already begun to rise again. More importantly, all three core inflation... 17th November 2017 · 1 min read
Canada Data Response Manufacturing Sales (Sep.) The 0.5% m/m increase in manufacturing sales values in September, driven by an increase in sales volumes, points to a potential rebound in industrial production. That’s an encouraging sign for GDP... 16th November 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Oct.) The decline in the national composite house price index in October led to a further slowdown in the annual rate of house price inflation to 10.0%, from 11.4%. The recent slump in home sales, increases... 15th November 2017 · 1 min read
