Canada Data Response Labour Force Survey (Oct.) & Trade (Sep.) The solid 35,300 increase in employment in October, driven by further gains in full-time work, is an encouraging sign for income and spending in the fourth quarter. Although the unemployment rate... 3rd November 2017 · 1 min read
Canada Data Response GDP by Industry (Aug.) After slowing to a complete standstill in July, real monthly GDP contracted by 0.1% m/m in August, a weaker showing than most expected and further evidence of a potentially sharp slowdown in economic... 31st October 2017 · 1 min read
Canada Data Response Consumer Price Index (Sep.) The headline inflation rate rose to 1.6% in September, from 1.4%, but the increase was partly due to higher energy prices, which have already begun to fall back. Although some of the core inflation... 20th October 2017 · 1 min read
Canada Data Response Manufacturing Sales (Aug.) The increase in manufacturing sales volumes in August, partly due to a one-off rebound in auto production, was stronger than expected and a positive sign for industrial production in that month. The... 18th October 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Sep.) The drop in national home sales that began seven months ago resulted in a further slowdown in the rate of annual house price inflation to 11.4% in September, from 13.1%. A sharper slowdown in price... 12th October 2017 · 1 min read
Canada Data Response Labour Force Survey (Sep.) Although headline employment rose by a moderate 10,000 in September, the 112,000 rebound in full-time employment is a positive sign for income and consumption growth. In addition, the Bank of Canada... 6th October 2017 · 1 min read
Canada Data Response International Merchandise Trade (Aug.) The continued weakness in export volumes and softness in imports indicate that the pace of economic growth slowed sharply in the third quarter. As things stand, we think the balance of risks around... 5th October 2017 · 1 min read
Canada Data Response GDP by Industry (Jul.) Real GDP was unchanged in July, suggesting that the economy lost momentum at the beginning of the third quarter. That said, given the strong ending to the second quarter, we aren’t concerned by one... 29th September 2017 · 1 min read
Canada Data Response Consumer Price Index (Aug.) Although the headline inflation rate rose to a moderate 1.4% in August, from 1.2%, the further increases in core inflation are broadly consistent with the reduced slack in the economy. This suggests... 22nd September 2017 · 1 min read
Canada Data Response Manufacturing Sales (Jul.) Manufacturing sales volumes fell by a larger 1.4% m/m in July, the second consecutive monthly decline, confirming that the industrial sector began the third quarter on a soft footing. That said, much... 19th September 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Aug.) In response to the slump in home sales that began four months ago, the annual rate of house price inflation fell to 13.1% in August, from 14.2%. That slump points to sharply lower house price... 13th September 2017 · 1 min read
Canada Data Response Labour Force Survey (Aug.) The stronger 22,200 gain in employment in August is an encouraging sign for continued income and consumption growth in the third quarter. Meanwhile, the further drop in the unemployment rate to 6.2%... 8th September 2017 · 1 min read
Canada Data Response International Merchandise Trade (Jul.) Despite the recent improvement in global trade activity, merchandise export volumes fell for the second consecutive month in July, hinting at a slower pace of overall economic growth in the third... 6th September 2017 · 1 min read
Canada Data Response GDP (Q2 2017) Despite a drop in housing investment, the economic growth accelerated to 4.5% q/q annualised in the second quarter, led by exports and household consumption. This showing was much stronger than the 3... 31st August 2017 · 1 min read
Canada Data Response Consumer Prices (Jul.) The increases in headline and core inflation in July are consistent with the recent improvement in economic growth and raise the probability of a second rate hike by the Bank of Canada before December... 18th August 2017 · 1 min read
Canada Data Response Manufacturing Sales (Jun.) The 1.0% m/m decline in manufacturing sales volumes in June was broadly consistent with the drop in non-commodity exports already reported for that month. For the second quarter as a whole... 17th August 2017 · 1 min read
