Canada’s inflation in November remained at 4.7% on an annual basis, primarily because of increasing prices for gasoline, food and shelter, according to data released by Statistics Canada on Wednesday. … READ MORE >
Canada’s trade surplus grew in October, fueled by autos and energy
Canada’s merchandise trade surplus widened to CAD $2.1 billion in October—a 10-year high—as exports of motor vehicles and parts as well as energy surged. … READ MORE >
Our economic outlook for Canada in 2022
We see a Canadian economy growing around 4% on the year, inflation hitting 5% before easing to 2% by year’s end, and the unemployment rate declining to just above 6%. … READ MORE >
Canada’s unemployment rate approaches pre-pandemic level
Canada added 153,700 jobs in November, bringing the unemployment rate down to 6% and approaching the pre-pandemic level, according to data released by Statistics Canada on Friday. … READ MORE >
Canada’s GDP rose at 5.4% annual rate as economy reopened
Canada’s gross domestic product grew by a strong 5.4% in the third quarter on an annual basis and by 1.3% from the previous quarter as spending on in-person services rose … READ MORE >
The U.S. infrastructure package is a call to action for Canada
The infrastructure package recently signed into law in the United States will lead to increasing productivity and innovation, but it also has the potential to widen the gap between the U.S. and Canada economies. … READ MORE >
Introducing the RSM Canada Supply Chain Index
The RSM Canada Supply Chain Index accounts for factors affecting the delivery of intermediate goods to manufacturers and service providers, providing an overview of the economic conditions surrounding supply chains and offering a forward look for businesses. … READ MORE >
Canadian retail sales fall as chip shortage hurts auto sales
Retail sales in Canada decreased by 0.6% in September, to CA$56.6 billion, as a severe shortage of semiconductor chips slowed production in the auto industry. … READ MORE >
Inflation in Canada hits 4.7% amid soaring gas prices
October inflation in Canada climbed to 4.7%, the highest since February 2003 and up from 4.4% in September, primarily because of skyrocketing gasoline prices. … READ MORE >
Housing starts in Canada dropped for the fifth consecutive month
Housing starts in Canada dropped for the fifth consecutive month to 236,554 in October, down by 5.3% from September as builders grappled with shortages of materials and workers. … READ MORE >