Canada Data Response Teranet-National Bank House Prices (Jul.) Although the national annual rate of house price inflation remained at 14.2% in July, this is very much overshadowed by the more recent slump in resale housing activity over the past few months. 14th August 2017 · 1 min read
Canada Data Response Labour Force Survey (Jul.) Although employment rose by a moderate 10,900 in July, the much larger gain in full-time jobs and drop in the unemployment rate to 6.3%, from 6.5%, are encouraging and point to stronger wage growth... 4th August 2017 · 1 min read
Canada Data Response GDP by Industry (May) Despite the recent slump in home resales, monthly GDP growth accelerated by 0.6% m/m in May, which will reinforce the Bank of Canada’s confidence that the economy can perhaps withstand higher interest... 28th July 2017 · 1 min read
Canada Data Response Consumer Prices (Jun.) Although the headline inflation rate fell to 1.0% in June, from 1.3%, the uptick in two of the three core inflation measures suggests that some of the temporary factors restraining inflation are now... 21st July 2017 · 1 min read
Canada Data Response Manufacturing Sales (May) Manufacturing sales volumes grew by 1.1% m/m in May, evidence that the industrial sector rebounded in the second quarter. While sales were boosted by a large gain in transportation, there were some... 19th July 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jun.) The national rate of annual house price inflation rose to 14.2% in June, from 13.9%, driven almost exclusively by a further acceleration in Toronto. But the worsening slump in home sales and higher... 12th July 2017 · 1 min read
Canada Data Response Labour Force Survey (Jun.) Headline employment increased by a stronger than expected 45,300 in June, compared to the consensus estimate of a 10,000 gain, but wage cost pressures remain subdued. Accordingly, there’s nothing in... 7th July 2017 · 1 min read
Canada Data Response International Merchandise Trade (May) Despite a big one-time jump in gold exports, the 2.0% m/m increase in export volumes in May, following fairly strong upward revised gains in the previous two months, builds an even stronger case than... 6th July 2017 · 1 min read
Canada Data Response GDP by Industry (Apr.) Despite a slight drop in housing-related activity, GDP increased by 0.2% m/m in April, suggesting that the economy began the second quarter on a stable footing. But given the downswing in home sales... 30th June 2017 · 1 min read
Canada Data Response Consumer Prices (May) While the drop in the headline inflation rate to 1.3% in May, from 1.6%, can be partly explained by lower energy price inflation, the decline in certain core inflation measures are weaker than most... 23rd June 2017 · 1 min read
Canada Data Response Manufacturing Sales (Apr.) After a downward revised decline in March, manufacturing sales volumes rebounded by 0.5% m/m in April, indicating that the industrial sector began the second quarter on a firmer footing. Further... 15th June 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (May) Despite a further slowdown in Vancouver, the national rate of annual house price inflation rose to 13.9% in May, from 13.4%, reflecting an acceleration in Toronto. But the big slump in home sales and... 14th June 2017 · 1 min read
Canada Data Response Labour Force Survey (May) The impressive 54,500 increase in employment in May, which included a big increase in full-time jobs, will no doubt prompt louder calls for the Bank of Canada to hurry up and raise interest rates. But... 9th June 2017 · 1 min read
Canada Data Response International Merchandise Trade (Apr.) The moderate 0.8% m/m increase in export volumes in April, following the stronger gain in the month before, provides further evidence that exporters are finally tapping into the recent pick-up in... 2nd June 2017 · 1 min read
Canada Data Response GDP (Q1 2017) The strong 3.7% annualised growth in the first quarter was a good start to the year, but with exports still struggling and more recent data pointing to a potential downturn in housing, the pace of GDP... 31st May 2017 · 1 min read
Canada Data Response Consumer Prices (Apr.) Although the headline inflation rate remained at 1.6% in April, the decline in core inflation provides further evidence of disinflationary pressures in the economy. Spare capacity and very low wage... 19th May 2017 · 1 min read
