Canada’s housing starts in December fell to 236,100, a drop of 22.3% from November because of material shortages following the floods and landslides in British Columbia that kept construction materials stranded at the Port of Vancouver, according to data released by the Canada Mortgage and Housing ... READ MORE >
supply chain bottlenecks
RSM US Supply Chain Index: The worst may have passed, but choppy waters remain
The strength of the supply chain in the United States showed significant improvement for a second straight month in December after reaching a two-decade low in October, according to the newest data from the RSM US Supply Chain Index. The index rose 24% on the month to 3.12 standard deviations below ... READ MORE >
RSM Canada Supply Chain Index shows continued strain
Supply chain disruptions in Canada worsened in December as businesses continued to be hindered by the fallout from flooding in British Columbia and a shortage of workers. The RSM Canada Supply Chain Index stands at 2.17 standard deviations below zero, down from 1.47, in a sign of just how persistent ... READ MORE >
Canada inflation steady at 4.7% amid high gasoline and food prices
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. From the previous month, consumer prices rose slightly, by 0.2%. Excluding food and energy, the ... 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, according to data released by Statistics Canada on Tuesday. Both exports and imports rose, especially in trading with the United States, primarily ... 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, according to data released by Statistics Canada on Tuesday. Household spending on semi-durable goods and on services had the ... READ MORE >
RSM US Manufacturing Outlook Index: November was a good month
The RSM US Manufacturing Outlook Index in November reached its highest level since the spring, indicating a sustained economic recovery should the health crisis not get in the way. Despite snarled global supply chains that have made obtaining goods challenging, the domestic manufacturing sector ... 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, according to data released by Canada Mortgage and Housing Corporation on Tuesday. Although the figure still stands above ... READ MORE >