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canada economy

Canada economic growth slows

Canada economic growth slows

Published 30 Nov, 2024 06:26am
OTTAWA: Canada’s economic growth slowed in line with expectations to 1.0 percent in the third quarter, the ...
Canada Pension Plan Investment Board records 21.4pc rise in net assets in FY2021

Canada Pension Plan Investment Board records 21.4pc rise in net assets in FY2021

Published 20 May, 2021 07:24pm
  • CPPIB said net assets increased to C$497.2 billion ($410.40 billion) on the fiscal year-end, up from C$409.6 billion a year prior.
  • Most asset classes made gains over the period, with Canadian public equities and energy and resources real assets being the most profitable, returning 40.8% and 45.8% respectively.
Canada annual inflation rises at fastest pace in a decade in April

Canada annual inflation rises at fastest pace in a decade in April

Updated 19 May, 2021 07:31pm
  • Canada's annual inflation rate rose to 3.4%, from 2.2% in March, Statistics Canada said. Analysts polled by Reuters had expected the annual rate to rise to 3.2% in April.
  • CPI common, which the Bank of Canada calls the best gauge of the economy's underperformance, was 1.7%, in line with analyst expectations. CPI median and trim both rose to 2.3%.
Canada adds 634,800 jobs in March

Canada adds 634,800 jobs in March

Published 15 Apr, 2021 06:44pm
  • The February data was revised to show 271,700 jobs were gained rather than a decline of 100,800. The report, derived from ADP's payrolls data, measures the change in total non-farm payroll employment each month on a seasonally adjusted basis.
Canada adds 303,100 jobs in March, unemployment rate falls to 7.5pc

Canada adds 303,100 jobs in March, unemployment rate falls to 7.5pc

Published 09 Apr, 2021 07:30pm
  • Employment in the goods-producing sector increased by 43,200 jobs, while service sector jobs rose by 260,000. Part-time employment rose by 128,000, with 175,000 new full-time positions.
  • "Clearly the economy was much more open than many believed and I do think the very mild weather contributed to this very robust comeback," said Doug Porter, chief economist at BMO Capital Markets.
Canada posts strong February job gains, unemployment drops sharply

Canada posts strong February job gains, unemployment drops sharply

Updated 12 Mar, 2021 09:13pm
  • With the addition of 259,200 jobs in February, Canada recouped nearly all the losses of the previous two months and beat the average analyst prediction of 75,000 new jobs.
  • Employment remains 3.1% below pre-pandemic levels, while the number of long-term unemployed fell by 9.7% from a record high of 512,000 in January.
Canada's economy posts 9.6pc annualized growth in Q4

Canada's economy posts 9.6pc annualized growth in Q4

Published 02 Mar, 2021 08:44pm
  • "There are a lot of moving parts here but overall I would say this is generally better than expected," said Doug Porter, chief economist at BMO Capital Markets.
  • The Canadian dollar was trading 0.1% lower after the data at 1.2661 to the greenback, or 78.98 US cents, easing back from a rally the previous day.
Canada sees biggest jobs decline in eight months in January: ADP

Canada sees biggest jobs decline in eight months in January: ADP

Published 18 Feb, 2021 08:19pm
  • December data was revised to show 338,200 jobs were gained rather than a decline of 28,800.
  • The report, which is derived from ADP's payrolls data, measures the change in total nonfarm payroll employment each month on a seasonally-adjusted basis.
Canadian dollar notches a 12-day high as oil climbs

Canadian dollar notches a 12-day high as oil climbs

Published 09 Feb, 2021 11:05am
  • Canada's most populous province of Ontario said it would extend a stay-at-home order in Toronto and nearby suburbs by two weeks, but residents of three largely rural public health regions can leave their homes starting on Wednesday.
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