BR100 Increased By (1.02%)
BR30 Increased By (1.71%)
KSE100 Increased By (0.58%)
KSE30 Increased By (0.65%)
BECO 6.03 Increased By ▲ 0.26 (4.51%)
BML 52.61 Decreased By ▼ -0.39 (-0.74%)
BOP 34.23 Increased By ▲ 0.24 (0.71%)
CNERGY 8.16 Increased By ▲ 0.05 (0.62%)
DCL 12.23 Increased By ▲ 0.03 (0.25%)
FCCL 53.80 Increased By ▲ 0.97 (1.84%)
FCSC 5.24 Increased By ▲ 0.17 (3.35%)
FFL 18.03 Increased By ▲ 0.08 (0.45%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 11.00 Increased By ▲ 0.12 (1.1%)
KEL 8.07 Increased By ▲ 0.05 (0.62%)
KOSM 5.39 Decreased By ▼ -0.13 (-2.36%)
MLCF 87.90 Increased By ▲ 1.39 (1.61%)
NBP 186.60 Increased By ▲ 1.44 (0.78%)
PACE 10.75 Increased By ▲ 0.17 (1.61%)
PAEL 39.95 Increased By ▲ 0.53 (1.34%)
PIAHCLA 26.19 Decreased By ▼ -0.03 (-0.11%)
PIBTL 17.32 Increased By ▲ 0.65 (3.9%)
PPL 233.49 Increased By ▲ 5.31 (2.33%)
PRL 34.98 Increased By ▲ 0.30 (0.87%)
PTC 67.71 Increased By ▲ 2.38 (3.64%)
SEARL 90.90 Increased By ▲ 0.77 (0.85%)
SSGC 27.20 Increased By ▲ 0.60 (2.26%)
TELE 8.57 Increased By ▲ 0.29 (3.5%)
THCCL 60.85 Increased By ▲ 2.35 (4.02%)
TPLP 8.78 Increased By ▲ 0.56 (6.81%)
TREET 24.65 Increased By ▲ 0.12 (0.49%)
TRG 71.50 Increased By ▲ 1.79 (2.57%)
WAVES 10.01 Increased By ▲ 0.07 (0.7%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Topic

Canada's economy

Canada's annual inflation rate in May accelerates to 3.6pc

Canada's annual inflation rate in May accelerates to 3.6pc

Updated 16 Jun, 2021 06:02pm
  • Canada's annual inflation rate accelerated to 3.6%, from 3.4% in April, Statistics Canada said. That was slightly ahead of analyst expectations that the annual rate would rise to 3.5%.
  • The Bank of Canada targets the 2% mid-point of a 1-3% inflation control range. It expects inflation to stay around 3% through the summer before easing later in the year.
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 records C$314.0 billion budget deficit in fiscal 2020/21

Canada records C$314.0 billion budget deficit in fiscal 2020/21

Updated 28 May, 2021 08:17pm
  • Compared to the previous fiscal year revenues dropped 10.4%, while program expenses jumped 80.1%, largely due to emergency transfers to individuals, businesses and the provinces.
  • On a monthly basis, Canada posted a deficit of C$31.44 billion in March 2021, compared to a deficit of C$14.79 billion recorded in March 2020.
Canada's Ivey PMI shows activity expanding at a slower pace in April

Canada's Ivey PMI shows activity expanding at a slower pace in April

Published 07 May, 2021 08:32pm
  • The seasonally adjusted index fell to 60.6 from 72.9 in March. The March reading was the highest since March 2011 and the second highest since the PMI was launched in 2000.
  • Economic restrictions were tightened in some Canadian provinces in April to tackle a third wave of the coronavirus pandemic.
Canada home prices, sales to moderate but remain elevated

Canada home prices, sales to moderate but remain elevated

Published 06 May, 2021 08:40pm
  • Rental demand is also expected to recover through 2023 as immigration and inter-provincial migration resume, and as students return to campus, the Canada Mortgage and Housing Corporation said in its 2021-2023 market outlook.
Canada posts C$1.1 billion trade deficit in March

Canada posts C$1.1 billion trade deficit in March

Published 04 May, 2021 07:50pm
  • Canada's trade deficit with the world was C$1.1 billion ($892.21 million) in March. Analysts polled by Reuters had predicted a surplus of C$700 million after a revised C$1.42 surplus in February.
  • Exports to the United States fell 3.8% in March, while imports rose 5.2%. Canada's trade surplus with the US, it's largest trading partner, narrowed in March to C$4.3 billion.
Canada records C$282.56 billion budget deficit over first 11 months of 2020/21

Canada records C$282.56 billion budget deficit over first 11 months of 2020/21

Updated 30 Apr, 2021 08:05pm
  • "The unprecedented shift in the government's financial results reflects the severe deterioration in the economic situation and temporary measures implemented," it said in a statement.
  • On a monthly basis, Canada posted a deficit of C$14.37 billion in February 2021, compared to the C$3.58 billion surplus recorded in February 2020.
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's Ivey PMI jumps to 10-year high as activity accelerates in March

Canada's Ivey PMI jumps to 10-year high as activity accelerates in March

Published 07 Apr, 2021 08:32pm
  • The seasonally adjusted index rose to 72.9 from 60.0 in February, surpassing analysts' expectations for 60.5. It was the highest level for the index since March 2011 and the second highest since the PMI was launched in 2000.
  • 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. A reading above 50 indicates an increase in activity.
Canada inflation rate ticks up in February on gas prices

Canada inflation rate ticks up in February on gas prices

Published 17 Mar, 2021 08:23pm
  • All three core measures of inflation were steady in February. CPI common, which the Bank of Canada says is the best gauge of the economy's underperformance, was flat at 1.3%.
  • Generally speaking, you don't have emergency levels of disinflationary pressures to justify emergency levels of stimulus, in my opinion.
Spike in Canada exports to US leads to surprise January trade surplus

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

Published 05 Mar, 2021 09:43pm
  • 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.
Canada budget deficit swells to C$248bn over first nine months of 2020/21

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

Published 26 Feb, 2021 09:26pm
  • 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.
Loading...