Canada Data Response Teranet-National Bank House Prices (Jun) The Teranet-National Bank national composite house price index showed that house price inflation continued to decelerate in June, to 4.4% from 4.6% in May. The past decline in the existing home sales... 15th July 2014 · 1 min read
Canada Data Response Labour Force Survey (Jun.) Canada's shocking 9,400 decline in employment, following almost no gains over the previous six months, suggests that the economy is really struggling. Clearly, the economy just isn't benefitting from... 11th July 2014 · 1 min read
Canada Data Response International Merchandise Trade (May) The decline in the merchandise trade deficit in May looks encouraging, particularly since it was largely driven by a strong rebound in exports. Unfortunately, that rebound was heavily influenced by... 3rd July 2014 · 1 min read
Canada Data Response GDP (Apr.) There were both positive and negative signs in April's GDP figures, but the bottom line is that the economy is still struggling to grow in line with its potential rate, which suggests that recent... 30th June 2014 · 1 min read
Canada Data Response Consumer Price Index (May) The stronger than expected pick-up in both headline and core inflation indicates that inflation will overshot the Bank of Canada's previous forecast assumptions. Since a large part of this is due to... 20th June 2014 · 1 min read
Canada Data Response Survey of Manufacturing (Apr. 14) The disappointing decline in manufacturing sales in April was entirely due to lower prices, whereas sales volumes continued to recover from the weather-related drop late last year. With sales now... 13th June 2014 · 1 min read
Canada Data Response Teranet-National Bank House Prices (May) The latest Teranet house price data provide some early evidence that the slowdown in house price inflation continued in May. The past decline in existing home sales and the steady rise in the number... 12th June 2014 · 1 min read
Canada Data Response Labour Force Survey (May) The 25,800 rebound in employment in May wasn't quite enough to reverse fully the slightly bigger decline in the previous month and it leaves the level of employment barely higher over the past six... 6th June 2014 · 1 min read
Canada Data Response International Merchandise Trade (Apr.) Canada's merchandise trade position unexpectedly shifted from an upwardly revised surplus in March to a small deficit in April, as the terms of trade deteriorated and energy and primary metals exports... 4th June 2014 · 1 min read
Canada Data Response GDP (Q1 2014) Although Canada's slowdown in the first quarter can be partly blamed on bad weather, the underlying trends suggest that the economy lost some momentum in exports and investment. While this should turn... 30th May 2014 · 1 min read
Canada Data Response Consumer Prices (Apr.) The expected increase in headline inflation, to 2.0% in April from 1.5% in March, mainly reflects higher energy price inflation which should prove to be temporary. In contrast, core inflation only... 23rd May 2014 · 1 min read
Canada Data Response Retail Sales (Mar.) The unexpected decline in March's retail sales volumes, combined with the mixed showing in wholesale and manufacturing sales, suggests that the economy continued to struggle at the end of the first... 22nd May 2014 · 1 min read
Canada Data Response Survey of Manufacturing (Mar.) Manufacturing continued to recover in March from the severe winter that dampened sales volumes late last year. With sales almost fully recovered now, we expect further gains to be more modest, as... 15th May 2014 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Apr.) Although the Teranet measure of house price inflation ticked up to 4.9% in April, from 4.6%, the earlier decline in existing home sales suggests some moderation in house price gains this year. Our... 14th May 2014 · 1 min read
Canada Data Response Labour Force Survey (Apr.) April's unexpected 28,900 decline in net employment suggests that the economy remained stuck in the slow lane last quarter, hampered by an underperforming export sector and a housing slowdown... 9th May 2014 · 1 min read
Canada Data Response International Merchandise Trade (Mar.) While Canada's external merchandise trade surplus shrunk unexpectedly in March, from a bigger than previously estimated surplus in February, the more discouraging news was the declines in export and... 6th May 2014 · 1 min read
