Canada’s merchandise trade surplus widened to CAD $1.94 billion in August thanks to rising global demand for energy amid shortages in other countries, Statistics Canada reported on Tuesday. … READ MORE >
Global natural gas prices hit record as middle market girds for difficult winter
Global natural gas prices have climbed to record highs amid soaring demand fueled by the reopening economy and tight supplies. As power outages halt manufacturing and threaten climate commitments, businesses and consumers should brace themselves for a difficult winter. … READ MORE >
Building permits in Canada continued to fall with material shortages
The value of building permits in Canada decreased by 2.1% in August from July to a seasonally adjusted 9.66 billion Canadian dollars as developers continued to feel the effect of supply and labour shortages. … READ MORE >
Canada’s GDP showed modest contraction in July
Canada’s gross domestic product in July contracted by 0.1%, continuing the trend from the second quarter. … READ MORE >
Flood insurance premiums to increase for coastal property owners
The long-sought changes to the National Flood Insurance Program are designed to shift the cost of owning properties in flood-prone areas onto homeowners and are part of an effort to encourage development away from coastal areas that have been battered by flooding-related disasters. … READ MORE >
Chart of the day: Canada’s retail sales cool amid bumpy recovery
Continuing what has been a volatile year for consumers, Canada’s retail sales decreased by 0.6% in July compared to June, according to data released on Thursday by Statistics Canada. … READ MORE >
RSM Canada Financial Conditions Index remains solid as election approaches.
Our index is showing that the level of risk priced into financial assets has been consistently lower than normal. … READ MORE >