The value of building permits in Canada grew to CA$10.14 billion in September, an 8.2% increase compared to August, driven by the increasing value of multi-family residential permits, according to data released by Statistics Canada on Tuesday. … READ MORE >
Manufacturing in Canada at seven-month high
Canada’s manufacturing output hit a seven-month high in October as domestic and international demand remained strong despite persistent bottlenecks in the global supply chains. … READ MORE >
Canada GDP rose 0.4% in August as the economy reopened
The rise in spending on in-person services led the economic recovery, as August marked the first full month of most COVID-19 restrictions being lifted across the country. … READ MORE >
A bumpy path toward a net-zero future
As world energy leaders prepare to kick off a major United Nations conference on climate change on Sunday, nations are turning back to coal as natural gas falls into short supply. But the shortage will prove to be temporary. … READ MORE >
Canada retail sales climbed in August as in-person activities picked up
The rise in retail sales was led by food and beverage stores, where sales went up by 4.8%, clothing stores, up 3.9%, and gasoline stations, with 3.8% growth. … READ MORE >
Inflation in Canada persists amid shortages
Inflation is proving to be persistent in Canada, with the Consumer Price Index increasing at an annual pace of 4.4% in September amid shortages of workers and supplies. … READ MORE >
Housing starts in Canada fall for the fourth consecutive month
Housing starts in Canada fell 4.42% to 251,151 in September in another sign of the continuing shortages of raw materials and labor that have gripped the economy. … READ MORE >
Canada manufacturing sales hit new high amid rising energy demand
Middle market businesses in manufacturing not experiencing supply chain issues will benefit from high demand, while others will see industrial product price increases. … READ MORE >
China reacts to energy crunch with coal price reform
The global energy crunch continues and all eyes are on China—the world’s largest energy exporter—as the country grapples with ongoing shortages and their ripple effect across the nation’s economy and key commodities, especially metals crucial in the manufacturing sector. … READ MORE >
Canada’s employment is back to pre-pandemic levels
Canada added an encouraging 157,000 jobs in September, bringing its total employment to just over the February 2020 level. … READ MORE >