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 >
Canada
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 >
This week in energy: Global shortage, Canada fossil fuels, Northam conference hot topics
In this week’s energy industry analysis, we take a look at the continuing global energy crunch, what the increased demand for fossil fuels means for Canada, and highlights from the Northam Energy Capital Assembly conference. … 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 >
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 >
Canada’s trade surplus rose in August with global energy demand
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 >