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Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,360
6524hr
Pakistan Cases
1,029,811
4,95024hr
8.46% positivity
Sindh
380,093
Punjab
356,211
Balochistan
30,289
Islamabad
87,304
KPK
143,673

Canada GDP

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

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

  • 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.
Published 20 May, 2021 07:24pm
Canada annual inflation rises at fastest pace in a decade in April
World

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

  • 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%.
Updated 19 May, 2021 07:31pm
Canada loses 207,100 jobs in April, unemployment rate rises to 8.1pc
World

Canada loses 207,100 jobs in April, unemployment rate rises to 8.1pc

  • Some 207,100 jobs were lost in April, more than the average analyst prediction of a loss of 175,000. The unemployment rate climbed to 8.1%, missing analyst expectations of 7.8%. Employment remains 2.6% below pre-pandemic levels.
  • Full-time employment was down by 129,400 while part-time employment fell by 77,800 positions.
Published 07 May, 2021 06:58pm
Canada adds 634,800 jobs in March
World

Canada adds 634,800 jobs in March

  • 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.
Published 15 Apr, 2021 06:44pm
Canada posts blockbuster job gain in March, but new lockdowns set to weigh
World

Canada posts blockbuster job gain in March, but new lockdowns set to weigh

  • Statistics Canada said the country added 303,100 jobs in March, triple analyst expectations of 100,000, as a number of industries continued to recover from December and January shutdowns.
  • "This is another strong jobs report," said Ryan Brecht, a senior economist at Action Economics. "However, the outlook for April activity has been dented by the return of regional lockdowns."
Published 09 Apr, 2021 08:45pm
Canada adds 303,100 jobs in March, unemployment rate falls to 7.5pc
World

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

  • 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.
Published 09 Apr, 2021 07:30pm
Canada's lagging COVID-19 vaccine campaign set to ramp up as virus variants spread
World

Canada's lagging COVID-19 vaccine campaign set to ramp up as virus variants spread

  • Canada has lagged other rich countries in inoculations even though it ordered enough doses to vaccinate the population five times over late last year.
  • Shipments of 4.7 million doses are expected this week and next - 2.4 million from Pfizer Inc, 846,000 from Moderna Inc and a 1.5 million-dose loan of AstraZeneca's vaccine from the United States, according to federal forecasts and recent announcements.
Published 24 Mar, 2021 09:57pm
Canada posts strong February job gains, unemployment drops sharply
World

Canada posts strong February job gains, unemployment drops sharply

  • 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.
Updated 12 Mar, 2021 09:13pm
Spike in Canada exports to US leads to surprise January trade surplus
World

Spike in Canada exports to US leads to surprise January trade surplus

  • Canada's trade surplus with the rest of the world was C$1.41 billion ($1.11 billion) in January, the largest since July 2014. Analysts polled by Reuters had predicted a deficit of C$1.40 billion.
  • "In a sea of really bad news this is an island paradise. Everything is up," said Peter Hall, chief economist at Export Development Canada.
Published 05 Mar, 2021 09:43pm
Canada's economy posts 9.6pc annualized growth in Q4
World

Canada's economy posts 9.6pc annualized growth in Q4

  • "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.
Published 02 Mar, 2021 08:44pm
Canada budget deficit swells to C$248bn over first nine months of 2020/21
World

Canada budget deficit swells to C$248bn over first nine months of 2020/21

  • Revenues dropped by 15.6% reflecting a broad-based decline including lower tax revenues. Program expenses, meanwhile, jumped 86.1% largely due to emergency transfers to individuals, businesses and the provinces.
  • On a monthly basis, Canada posted a deficit of C$16.15 billion in December 2020, compared to the C$782 million surplus recorded in December 2019.
Published 26 Feb, 2021 09:26pm
Canadian dollar notches a 12-day high as oil climbs
Markets

Canadian dollar notches a 12-day high as oil climbs

  • 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.
Published 09 Feb, 2021 11:05am
Canada's Ivey PMI shows activity contracting in January
World

Canada's Ivey PMI shows activity contracting in January

  • The seasonally adjusted index rose to 48.4 from 46.7 in December. A reading below 50 indicates decreasing activity.
  • The Ivey PMI measures the month-to-month variation in economic activity as indicated by a panel of purchasing managers in the public and private sectors from across Canada.
Published 05 Feb, 2021 09:09pm
Canada loses 62,600 jobs in December, first decline since April
World

Canada loses 62,600 jobs in December, first decline since April

  • Canada lost 62,600 jobs, more than double analyst expectations of a decline of 27,500, while the unemployment rate edged up to 8.6%.
  • Due to both the continuing rise in virus cases... and the further curtailments of activity since the last survey.
Published 08 Jan, 2021 08:28pm