Canadian housing starts rose 6.1% to an annualized 196,700 in February from a slightly revised 185,400 (was 185,600) in January. Expectations going into the report had been for a smaller rise to 190,0...

Canadian retail sales rebounded in December by rising 0.4%, which was broadly in line with the 0.5% rise expected going into the report. Excluding the volatile autos and part component, sales also ros...

The Canadian consumer price report for January showed that overall prices rose by an as expected 0.3% in the month, with the year-over-year rate rising to 1.9%, marking the fastest pace since November...

Canadian headline CPI rose 1.9% in January, up from 1.3% in December, the largest increase since November of 2008. Energy prices continued to exert significant upward pressure on prices for a fourth c...

Canadian manufacturing sales surged 1.6% in December, building solidly on November's unrevised 0.1% gain. The strong rise in December was only slightly below market expectations for a 1.8% gain going ...

Canada's December merchandise trade balance remained in deficit although showing a minimal deterioration to -$0.246 billion from a revised -$0.201 billion in November (originally reported as -$0.34 bi...

Canadian housing starts rose 5.8% to an annualized 186,300 in January from a revised 176,100 units in December (previously reported as 177,800). Expectations going into the report had been for a small...

Canada's economy created 43,000 new jobs in January, a much larger gain than forecasts of a modest 15,000 job increase. This rise more than reversed the 28,300 job losses reported in December. The Dec...

Canadian jobs numbers were very positive, printing at +43K, compared to -2K last month, with a reduction from 8.5% to 8.3% on the unemployment rate. The report sets the C$ as the only currency with a ...

Today's retail trade report indicated that Canadians took a more cautious step in November towards opening their wallets. After posting strong gains in 5 of the last 6 months, retail sales retreated s...

Canadian November retail sales fell 0.3%, which was slightly greater than the 0.2% drop expected going into the report. More disappointing was the fact that, excluding the volatile auto component, sal...

Manufacturing sales edged up 0.1% in November, building only slightly on October’s 2.1% gain (initially reported as 2.0%). The small rise for November is below market expectations for a 0.7% gain lead...

The Canadian consumer price report for December showed overall prices fell 0.3% in the month, although the year-over-year rate rose to 1.3% marking a 10-month high. Forecasters were looking for the in...

Canada’s November merchandise trade numbers indicated a return to a deficit of $0.3 billion from an upwardly revised surplus in October of $0.5 billion. The October balance had been originally reporte...

Canadian housing starts in December 2009 continued the upward trend seen since the recent trough in April, rising a greater than expected 5.9% to an annualized 174,500. Expectations had been for start...

Canada's labour market was relatively stable in December, compared to the previous month, with the economy trimming 2,600 from payrolls. This disappointed forecasts for a 20,000 rise in employment; ho...

Canada's economy grew at a 0.2% pace in October following an unrevised 0.4% gain in September. October's gain fell slightly short of the 0.3% increase expected by forecasters. Goods-producing industri...

Canadian retail sales continued to trend higher, rising 0.8% in October, the eighth gain in 10 months. The increase was in line with expectations and followed an upwardly revised 1.1% increase in Sept...

The consumer price report for November showed that overall prices rose 0.5% in the month, with the year-over-year rate rising to 1%, marking an eight-month high. Forecasters were looking for the index...

Manufacturing sales rose a robust 2% in October that built further on a 1% gain in September (downwardly revised from an initially estimated increase of 1.4%). The reported rise in October was double ...

Canada's merchandise trade numbers came in stronger than expected with the balance returning to a surplus position of C$0.4 billion after three months of deficits including the C$0.9 billion recorded ...

Canadian housing starts continued to rise in November, but by a smaller-than-expected 0.7% to an annualized 158,500 units. Expectations had been for starts to rise to 160,000. However, the increase do...

With the Canadian economy in recovery mode, it would appear that the labour market has followed suit with a massive 79,000 job gain in November. This gain was large enough to repair eight months of da...

Canada's economy created 79,100 jobs in November, busting through forecasts for a modest 15,000 job increase. This rise eclipsed the 43,200 jobs lost in October and is consistent with an acceleration ...

The Canadian economy grew for the first time in three quarters, marking the end of the 2008/2009 recession. However, the start to the recovery was slower than markets were expecting with the economy g...

Canada's economy grew at a 0.4% annualized rate in the third quarter, a significant improvement after three consecutive quarterly declines. The result fell short of the 1% increase expected by forecas...

The current account deficit was C$13.1 billion in the third quarter, slightly smaller than market expectations. The second-quarter deficit was revised to C$11.9 billion from the previous estimate of C...

Retail sales recorded a second monthly increase, rising 1% in both September and August. The increase in September was almost double the 0.6% gain expected going into the report. The August numbers al...

Retail sales rose a robust 1.0% M/M in value during September – being the seventh increase in nine months and showing a steady 3-month trend pace of growth. Despite declining overall retail prices, vo...

October 2009 may not exactly go down in history but it is worth recalling it as the month that put an end to falling consumer prices in Canada. Headline inflation rose from -0.9% to 0.1%. And, while 0...

Canada's headline inflation rate emerged in October from a four-month period of negative readings as the deflationary pressures coming from movements in the energy component of the CPI dissipated. We ...

Manufacturing sales rose a solid 1.4% in September, slightly less than the 1.6% gain expected going into the report. The decline in August was revised down to 1.8% from the -2.1% originally estimated....

Canada's merchandise trade deficit was cut in half in September to C$0.9 billion from C$2 billion in August. Expectations had been for a much more modest improvement to C$1.8 billion. The improvement ...

Canadian housing starts rose 5.4% in October to an annualized level of 157,300 that more than offset the 3.9% drop recorded in September. Expectations had been for a slightly stronger increase to an a...

Canadian employment in October showed a significant contraction of 43,200, erasing September's 30,000 gain, and the unemployment rate rose by 0.2% to 8.6%, retracing most of September's easing. Moreov...

Canada's economy pared back the number of employed by 43,200 in October, defying forecasts for a 10,000 job increase. This was the first decline in employment in three months, but it did not fully off...

The Canadian economy contracted by 0.1% in August. Following July’s lackluster performance, this result will cast further doubt as to whether the Canadian economy managed to emerge from recession in t...

GDP output slid by 0.1% in August, another disappointment for forecasters who were looking for a 0.1% increase. This was the second monthly report that defied expectations that the economy had grown. ...

Canadian retail spending returned to an upward pace in August, with a monthly gain of 0.8% more than offsetting July's 0.5% dip. A 0.4% M/M uptick in sales volumes helped the gain, but rising prices -...

Canadian retail sales rose by 0.8% in August, above market expectations for a more moderate rise of 0.4%. This increase more than retraces the surprising 0.5% decline in July (revised up from the init...

Canadian headline inflation came in negative for a fourth straight month as prices fell 0.9% y/y in September. The inflation reading was much in line with expectations and provided no real major surpr...

The Canadian consumer price report for September showed that overall prices were flat, slightly below forecasts for a 0.1% increase. The year-over-year rate stayed in negative territory and the pace o...

Manufacturing sales fell a relatively robust 2.1% in August. A more moderate 1.6% drop had been expected. The decline retraces less than one-half of the 5.2% surge recorded in July. The pattern of sal...

The merchandise trade balance for August came in much weaker than expected, deteriorating to C$2 billion from a C$1.3 billion deficit in July (revised from a previously estimated $1.4 billion). Expect...

Canada's economy created another 30,600 jobs in September, trouncing forecasts for a 5,000 increase, the second strong showing in a row after a 27,100 increase in jobs in August. The unemployment rate...

Canadian housing starts were stronger than expected in September at an annualized 150,100 (market expectations centred around 148,000). However, this represented a 4.6% decline from an upwardly revise...

GDP output held steady in July, disappointing forecasts for a 0.5% monthly increase. Rebounding manufacturing and wholesale trade were offset by slumping output in the mining sector. June's gain was u...

Contrary to market expectations for an advance, the nominal value of retail sales declined by 0.6% M/M in July, with volumes declining as well by 0.1% M/M. Lower gas sales, shrunken by easing pump pri...

Canadian retail sales disappointed in July, falling 0.6% after a 1.1% rise in both May and June. Much of the decline was due to lower gasoline prices in July, which hammered sales at service stations ...

Canada's headline CPI was flat in August and the rate stayed in deflationary territory, rounding out three months of negative prints, although the pace of decline moderated to 0.8% following July's 0....