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Jobless rate down, balance of trade up as economy shows strength
Once again, the economists got it wrong. A Bloomberg News survey of twenty-five economists had produced a forecast for 5,000 Canadian jobs lost in October. Instead, 43,100 jobs were created, enough to...
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Trade deficit increased in May on weaker exports
Canada’s trade deficit with the world grew in May, from $3 billion in April to $3.3 billion in May, according to Statistics Canada. The growing deficit was the result of a 0.6 per cent decline in...
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Slight increase in manufacturing sales in May
Canada’s manufacturers sold a lower volume of goods in May, though there was a slight increase in sales by dollar value, Statistics Canada reports. It was the second increase in 2015. Sales were up in...
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Q3 corporate profits falter on oil, financial sector
Canadian corporations saw profits shrink by 5.4 per cent in the third quarter of 2015. Earnings came in at $79 billion, according to Statistics Canada, down from $83.5 billion in the second quarter....
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Cars and aerospace boosted Canada’s manufacturing sales in November
Cars and car parts provided most of the momentum for Canada’s manufacturing industry in November, pushing sales higher after three consecutive months of decline, Statistics Canada reports. Total...
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Widespread gains in June manufacturing sales encouraging sign in sluggish...
A jump in Canadian manufacturing sales in June is seen as an encouraging development for the industry, which has seen sluggish growth since hitting an all-time record last January, when $52.5 billion...
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Manufacturing sales up in September but shadow of Trump looms over Canada
Manufacturing sales rose for the fourth consecutive month in September, Statistics Canada reports, mainly on the strength of transportation equipment and fabricated metal industries. The 0.3 per cent...
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Canada’s manufacturing sales rose in 2016, led by cars, food
A drop in machinery manufacturing sales in 2016 is largely attributable to the slump in Alberta’s oil sector, says Statistics Canada. Manufacturing sales rose in 2016 after declining in 2015,...
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“Fireworks” in Canada’s economy as GDP rises 2.3 per cent in January
Canada’s economy grew at an annualized rate of 2.3 per cent in January, reports Statistics Canada, with widespread growth reported in both goods and service-producing industries. The actual increase...
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Manufacturing continues to grow but exports decline, increasing Canada’s...
Canada’s manufacturing sector continued to grow in March according to the Markit Canada Manufacturing Purchasing Managers’ Index (PMI) which measures business conditions in the sector. The PMI rose...
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