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Canada GDP

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