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Canadian economy

Canadian factory activity expands at record pace in March
World

Canadian factory activity expands at record pace in March

  • The IHS Markit Canada Manufacturing Purchasing Managers' index (PMI) rose to a seasonally adjusted 58.5 in March from 54.8 in February, posting the highest reading in the 10-year history of the survey. A reading above 50 shows growth in the sector.
  • The new orders index rose to 58.0, its highest since November 2013, from 54.4 in February, while the measure of output was at 57.7, up from 52.0.
Published 01 Apr, 2021 07:47pm
Canadian dollar forecasts grow more bullish as economy strengthens
World

Canadian dollar forecasts grow more bullish as economy strengthens

*The median forecast of more than 30 strategists was for the Canadian dollar to rise a further 0.6% over the next three months to 1.25 per US dollar, or 80 US cents. * "We expect the Canadian dollar to be a general outperformer among the G10 over the coming year," said Erik Nelson, a currency strategist at Wells Fargo in New York.
Published 01 Apr, 2021 05:15pm
Canada Feb factory sales seen falling 1.0pc
World

Canada Feb factory sales seen falling 1.0pc

  • Factory sales gained 3.1% in January. Statscan said the estimate had been calculated based on responses received from 59.0% of companies surveyed.
  • The average final response rate for the survey over the past 12 months has been 90.4%, it added.
Published 24 Mar, 2021 08:29pm
Canada says COVID-19 variants are boosting threat of a spring resurgence
World

Canada says COVID-19 variants are boosting threat of a spring resurgence

  • The comments were the latest from medical authorities across the country expressing concern that the new variants could trigger a third wave of the coronavirus.
  • A new, longer-range forecast that includes variants of concern indicates a strong resurgence unless we have stringent measures and strict adherence.
Published 19 Feb, 2021 08:41pm
Canadian home prices rise again in January but gains slow
World

Canadian home prices rise again in January but gains slow

  • Prices rose 2.0% in Hamilton, 1.0% in Montreal and 0.6% in Victoria, but the index was down 0.1% in Toronto, 0.2% in Calgary, and 0.4% in both Edmonton and Winnipeg.
  • Ottawa-Gatineau continued to lead year-over-year gains, up 19.6% from January 2020, followed by Halifax at 16.9% and Hamilton at 16.5%. Calgary home prices are down 0.5% on the year.
Published 18 Feb, 2021 08:38pm
Canada GDP rose 0.4pc in October on finance and insurance
World

Canada GDP rose 0.4pc in October on finance and insurance

  • Canada's real GDP rose 0.4% in October, beating analyst estimates of a 0.3% gain. Statscan said its preliminary estimate for November was also a gain of 0.4%.
  • The Canadian dollar was trading 0.2% higher at 1.2879 to the greenback, or 77.65 US cents, after the data.
Published 23 Dec, 2020 08:37pm