The Bank of Canada kept its policy rate at 0.25% at its January meeting on Wednesday as it prepares to hike rates in March and subsequently draw down its balance sheet. … READ MORE >
Canada inflation highest since 1991 as supply chain disruptions continue
Canada’s consumer price index hit 4.8% in December, the highest since 1991 as supply chain disruptions continued, according to data released by Statistics Canada on Wednesday. … READ MORE >
Housing starts in Canada fall as materials remain in short supply
Canada’s housing starts in December fell to 236,100, a drop of 22.3% from November because of material shortages following the floods and landslides in British Columbia that kept construction materials stranded at the Port of Vancouver. … READ MORE >
This week in energy: Global market turbulence, Canada’s oil outlook, energy transition
In this week’s energy industry analysis, we take a look at the energy market implications of unrest in Kazakhstan, a strong outlook for Canada’s 2022 oil production and the continued importance of environmental, social and governance issues in the energy transition. … READ MORE >
RSM Canada Supply Chain Index shows continued strain
Supply chain disruptions in Canada worsened in December as businesses continued to be hindered by the fallout from flooding in British Columbia and a shortage of workers. … READ MORE >
RSM Canada Financial Conditions Index shows the return of risk
Risk is being reintroduced into Canada’s financial markets as investment decisions and monetary policy begin to pivot from interest rates at the zero bound. … READ MORE >
Canada’s jobs report shows strong gains among full-time workers
Canada added 55,000 jobs in December, rounding out the year on a strong note, according to data released by Statistics Canada on Friday … READ MORE >
Canada’s merchandise trade surplus increases, lifted by vaccine production
Canada’s international merchandise trade surplus widened to 3.1 billion CAD in November because of an unexpected source: the mass production of the COVID-19 vaccine. … READ MORE >
Canada’s building permits hit a record in November
Canadian building permits rose by 6.8% in November to an all-time-high of 11.2 billion CAD, the third straight monthly increase demand for residential housing remained strong. … READ MORE >
Canada’s retail sales increased by 1.6% in October but new virus threat looms
Retail sales climbed by 1.6% to $57.6 billion in October thanks to rebounding sales of motor vehicles and parts, but the data was captured before the stunning recent surge of the omicron variant. … READ MORE >