Canada's inflation plunged to 5.2% from 5.9% on a year-ago basis in February as comparisons to last year’s elevated numbers kicked in, Statistics Canada reported on Tuesday. Prices spiked during the same period last year because of supply chain disruptions and the war in Ukraine. Inflation ... READ MORE >
Canada
Canada’s job gains came in hotter than expected as wage growth spiked
February's jobs data in Canada showed a still-strong labor market that did not offer any relief in terms of keeping inflation under control. The net change in total employment dropped to 21,800 from a whopping 150,000 increase in January yet remained above the expectations of only ... READ MORE >
Canada’s economy stalled even as consumer spending held up
The Canadian economy stalled in the fourth quarter, eking out a 0.03% gain in a significant downside surprise from expectations of a 1.6% increase. But the disappointing growth underestimated the spending strength of the Canadian consumers. Final consumption expenditures rose by a sharp 2.1%, after ... READ MORE >
Canada’s annual inflation slows again, yet Bank of Canada’s work is not done
Canada’s inflation continued to decelerate on a year-ago basis for the seventh month in a row as the Bank of Canada’s rate-hike campaign to slow down the economy showed more results. The consumer price index rose by 5.9% from 12 months ago in January, down from 6.3% in December, and lower than the ... READ MORE >
This week in energy: Russia oil price cap, natural gas outlook, nuclear SMRs
In this week's energy industry analysis, we take a look at the European Union's latest sanction on Russian oil, the Energy Information Administration's natural gas outlook, and plans for North America's first small modular reactor. The EU’s latest sanction on Russian oil The European Union on Feb. 5 ... READ MORE >
Canada adds a robust 150,000 jobs in January as wage growth eases
The Canadian labor market continued to blow past expectations, adding 150,000 jobs in January despite mounting recession concerns, Statistics Canada reported on Friday. Robust job gains combined with the unemployment rate holding steady near a record low at 5% should push the expectations of a ... READ MORE >
Canadian economy grew by 0.1% in November
Canada’s gross domestic product edged up by 0.1% in November, the same rate of growth as October, as tightened monetary policies continued to slow the economy. For last three months of 2022, average growth was 1.6% annualized, down from 2.9% in the previous quarter, Statistics Canada reported on ... READ MORE >
This week in energy: U.S. LNG exports, oil and gas markets, Canada outlook
In this week's energy industry analysis, we take a look at U.S. liquefied natural gas exports, oil and gas market conditions and a 2023 outlook for Canada's energy sector. U.S. liquefied natural gas exports on the rise Amid the global energy crisis spurred by the Russia/Ukraine war, liquified natural ... READ MORE >
Canada job gains top forecast, complicating decision on rates
The Canadian labour market once again kept managers, investors and, most important, the Bank of Canada on edge as it added 104,000 net jobs in December, significantly higher than the forecast of 5,000. December was the second month in the last three that job gains exceeded 100,000. The ... READ MORE >
RSM’s economic outlook for Canada in eight charts
Economies respond to financial conditions, which are determined by market expectations for monetary policy. With inflation still elevated and demand surging in Canada, we expect the Bank of Canada to continue raising interest rates to cool an overheating economy. While the Canadian economy may ... READ MORE >