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Canada GDP

Canada loses more jobs than expected in May as lockdowns weigh

Canada loses more jobs than expected in May as lockdowns weigh

Published 04 Jun, 2021 07:02pm
  • "The weakness was driven by ongoing restrictions in May," said Doug Porter, chief economist at BMO Capital Markets. "I would point out that almost all the declines were in part-time jobs, which is one mildly encouraging feature here."
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 loses 207,100 jobs in April, unemployment rate rises to 8.1pc

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

Published 07 May, 2021 06:58pm
  • 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.
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 posts blockbuster job gain in March, but new lockdowns set to weigh

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

Published 09 Apr, 2021 08:45pm
  • 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."
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's lagging COVID-19 vaccine campaign set to ramp up as virus variants spread

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

Published 24 Mar, 2021 09:57pm
  • 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.
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.
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