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Canadian Economic Activity Accelerates in the Third Quarter
| | Fundamental Analysis | Dec 01 08 18:46 GMT
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Despite economic headwinds around the globe in the third quarter, Canadian real economic growth proved resilient and accelerated to 1.3% annualized, beating market expectations of 0.8%, and faring muc...
| | Economic Data
CA Data
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Canada's GDP Strengthens in the Third Quarter
| | Fundamental Analysis | Dec 01 08 15:21 GMT
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GDP rose an annualized 1.3% in the third quarter, modestly stronger than the upwardly revised 0.6% gain in the second quarter (previously reported at 0.3%). The third-quarter rise was also stronger th...
| | Economic Data
CA Data
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Canadian Real GDP Expanded 1.3% saar Last Quarter
| | Fundamental Analysis | Dec 01 08 14:35 GMT
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Real GDP rose 1.3% at a seasonally adjusted annual rate in 3Q08 but only 0.5% from 3Q07 due to a flat first half this year. Growth rates in 1Q08 and 2Q08 were each revised slightly higher to -0.6% saa...
| | Economic Data
CA Data
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Canada Expanded 1.3% In Q3
| | Fundamental Analysis | Dec 01 08 14:01 GMT
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Economic activity edged up 0.1% in September Statistics Canada said today, following a 0.3% decline in August. Real gross domestic product (GDP) increased 0.3% in the third quarter after remaining ess...
| | Economic Data
CA Data
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Canada's Current Account Surplus Narrowed In Q3, Raw Material Prices Show Yearly Decline To October
| | Fundamental Analysis | Nov 28 08 14:19 GMT
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Canada's current account surplus narrowed to $5.6 billion in Q3 2008 (seasonally adjusted), down from $8.2 billion in the previous quarter. The reduction was largely as a result of a lower goods surpl...
| | Economic Data
CA Data
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Canada: Retail Sales Surprise on the Upside
| | Fundamental Analysis | Nov 25 08 16:59 GMT
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With markets expecting a modest gain in September, retail sales surpassed expectations, rising by 1.1% on the month. This is the sixth increase in the past seven months and the largest monthly gain si...
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CA Data
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New Auto Sales Lead Gains in Canadian Retail Sales
| | Fundamental Analysis | Nov 25 08 16:02 GMT
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Retails sales rose 1.1% month-over-month in September, easily outpacing the 0.4% gain expected by the markets. In volume terms, sales rose a still strong 0.7%. Even excluding autos, sales rose a still...
| | Economic Data
CA Data
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Canadian Retail Sales Rose The Most In Eight Months During September
| | Fundamental Analysis | Nov 25 08 14:47 GMT
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According to Statistics Cananda, retail sales totalled $36.3 billion in September, up 1.1% from August and the strongest rise in sales in eight months. Sales by new car dealers were up for the first t...
| | Economic Data
CA Data
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Canadian Retail Sales Surge 1.1% in September Despite the Dour Outlook Held by the BoC
| | Fundamental Analysis | Nov 25 08 13:58 GMT
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Retail spending in Canada increased 1.1% in September despite expectations for a 0.4% increase. In addition, retail sales excluding the volatile automotive component increased 0.8%, which beat estimat...
| | Economic Data
CA Data
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Canada: Consumer Price Inflation Slows Dramatically in October
| | Fundamental Analysis | Nov 21 08 16:25 GMT
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Similar to the U.S., Canada has experienced a sharp decline in the rate of inflation. In October, consumer prices plunged 1.0% M/M – the biggest one-month decline since 1959. On a seasonally adjusted ...
| | Economic Data
CA Data
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Canada's Inflation Rate Sharply Lower as Energy Prices Tumble
| | Fundamental Analysis | Nov 21 08 14:13 GMT
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Canadian consumer prices fell by a greater-than-expected 1% in October with the year-over-year rate slipping to 2.6% from 3.4% in September. The monthly decline was the largest since June 1959. Expect...
| | Economic Data
CA Data
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Canadian Consumer Price Inflation Fell to 2.6% in October from 3.4% in September
| | Fundamental Analysis | Nov 21 08 13:36 GMT
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On-year CPI inflation of 3.4% in both September and 3Q08 gave way to a 2.6% in October, as the seasonally adjusted index fell 0.5% and the unadjusted index tumbled by 1.0% in month-on-month terms. In ...
| | Economic Data
CA Data
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Canadian CPI Falls More Than Expected October
| | Fundamental Analysis | Nov 21 08 12:39 GMT
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The rate of inflation fell in October much more than expected. The CPI fell 1.0% from one month earlier, but is still up 2.6% from October 2007, while the Core CPI fell by 0.2% from one month earlier....
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CA Data
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Canadian CPI Falls More Than Expected, BoC to Hold Dovish Outlook
| | Fundamental Analysis | Nov 21 08 12:33 GMT
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Canadian CPI slowed to a 2.6% pace in October, well below expectations (median 3.2%) following the 3.4% y/y pace in September. The index fell 1.0% compared to the previous month, a much larger drop th...
| | Economic Data
CA Data
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Canada: Wholesale Trade Post a Surprising Gain in September
| | Fundamental Analysis | Nov 20 08 15:28 GMT
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The pace of wholesaling activity confounded expectations, and in September it posted a robust 1.5% M/M gain. This fully reverses the 1.5% M/M drop in August. In real terms, wholesale sales were up 1.0...
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CA Data
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CAD Wholesale Sales Increased 1.5% In September
| | Fundamental Analysis | Nov 20 08 14:27 GMT
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According to Statistics Canada, Wholesale Sales increased 1.5% to $46.3 billion in current dollars in September. A partial recovery in the automotive sector, which posted a large decline in August, wa...
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CA Data
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Canadian Manufacturing Sales Edged Higher in September
| | Fundamental Analysis | Nov 14 08 14:34 GMT
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Manufacturing sales defied expectations in September, edging up 0.1%, a much stronger result than market forecasts which looked for a decline of 1.5%. The upside surprise came after a hefty 3.7% drop ...
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CA Data
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Canada's U.S. Exports Decline In September
| | Fundamental Analysis | Nov 13 08 15:16 GMT
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Canada's trade surplus decreased to $4.5B in September from $5.6B in August, as exports declined and imports rose. This marks the lowest trade surplus since January 2008.
Canadian exports declined fo...
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CA Data
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Canada's Merchandise Trade Surplus Narrowed in September
| | Fundamental Analysis | Nov 13 08 14:57 GMT
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Canada's merchandise trade surplus came in at C$4.5 billion in September, slightly smaller than forecasts for a $4.8 billion overrun. August's surplus was revised to $5.6 billion from an initially est...
| | Economic Data
CA Data
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Canadian Exports Dropped for a Second Straight Month
| | Fundamental Analysis | Nov 13 08 14:36 GMT
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The Canadian trade surplus narrowed 20% in September to C$ 4.49 billion from an August figure that was revised down by 3%. A 1.0% drop in exports was spread across most sectors but concentrated most h...
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CA Data
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Canadian Housing Starts Still Going Strong
| | Fundamental Analysis | Nov 10 08 17:43 GMT
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The Canadian new housing market remained resilient in October, as housing starts came in above expectations. While consensus estimates pointed to a fall in housing starts to 200,000 units on a seasona...
| | Economic Data
CA Data
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Canadian Economy Continues to Show Signs of Resilience, But How Long Can It Last For?
| | Fundamental Analysis | Nov 10 08 17:37 GMT
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Canadian data has proven to be rather resilient lately, as last Friday's net employment change surprisingly rose by 9.5K in October versus expectations of -10.0K, while this morning's housing data sho...
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CA Data
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Canadian October Housing Starts Moderated Slightly
| | Fundamental Analysis | Nov 10 08 14:26 GMT
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Canadian housing starts in October resumed a downward trend, albeit barely so, dropping 3.1% in the month to an annualized 211,800. Expectations had been for a more pronounced drop to 200,000. So far ...
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Canadian Housing Starts Fall 7.46% For The Year
| | Fundamental Analysis | Nov 10 08 13:37 GMT
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The seasonally adjusted annual rate1 of housing starts was 211,800 units in October, down from 218,600 units in September, according to Canada Mortgage and Housing Corporation (CMHC). "Housing starts ...
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Canadian Labour Market Adds Jobs, But Losing Steam
| | Fundamental Analysis | Nov 07 08 16:38 GMT
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Once again, the Canadian employment report surprised on the upside. Despite an uptick in the unemployment rate to 6.2% (previously 6.1%), employment rose by 9,500 jobs in October, almost a mirror imag...
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CA Data
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Canadian Employment Rises Unexpectedly; the Unemployment Rate Bumps up to 6.2%
| | Fundamental Analysis | Nov 07 08 14:41 GMT
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Employment in Canada rose 9,500 in October, stronger than market expectations of a 10,000 drop, after the 107,000 surge in September. However, the modest increase in employment did not prevent the une...
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CA Data
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Canadian Monthly Labor Statistics Mixed
| | Fundamental Analysis | Nov 07 08 13:22 GMT
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Canada added 9.5 thousand jobs in October, including 47.5K full-time positions. Analysts had looked for a similar-sized decline following September’s surprising 106.9K leap in employment. However, muc...
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CA Data
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Canada Adds Jobs For Third Straight Month, Unemployment Rate Inches Higher
| | Fundamental Analysis | Nov 07 08 12:30 GMT
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Canada employment rose 9.5k in October, contrary to expectations for a decline (median -10k) following the unrevised 106.9k surge in September. A solid 48k rise in full time jobs more than offset a 38...
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CA Data
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Canadian Employment Adds Jobs On Election
| | Fundamental Analysis | Nov 07 08 12:27 GMT
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Employment in Canada increased by 9.5K, slightly less than expected. This comes after last month there was a huge increase in the employment number. The unemployment rate rose in October, in-line with...
| | Economic Data
CA Data
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Residential Building Permits Decline In Canada
| | Fundamental Analysis | Nov 06 08 15:47 GMT
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According to Statistics Canada, municipalities issued $6.5 billion in building permits in September, up 13.4% following an 11.7% decline in August. September's increase was the result of gains in all ...
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CA Data
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Canada: August GDP - Previewing the Halloween Horror Show
| | Fundamental Analysis | Oct 31 08 16:45 GMT
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July's stunning real GDP growth of 0.7% could very well have been, along with a lagging but equally remarkable September employment report (+107,000 jobs), the last hurrahs the Canadian economy will s...
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CA Data
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No Immunity For Canada
| | Fundamental Analysis | Oct 31 08 16:13 GMT
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Canada does many things right. The government budget has been in surplus for 11 straight years. Core inflation is below but close to 2.0%. The current account surplus equaled 0.9% of GDP last year and...
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CA Data
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Canadian GDP Moves into Negative Territory
| | Fundamental Analysis | Oct 31 08 14:35 GMT
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Canada's economy contracted in August with real GDP falling by 0.3%, a more modest dip than market expectations with forecasters looking for a 0.5% decline, following July's much stronger-than-expecte...
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CA Data
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Canada's Economy Contracted In August
| | Fundamental Analysis | Oct 31 08 14:33 GMT
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According to Statistics Canada, real gross domestic product (GDP) saw a 0.3% decline in August, partly reversing the 0.7% increase in July. Wholesale trade, manufacturing, and the energy sector, which...
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CA Data
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Canadian Economy Contracts, USDCAD Climbs to 1.23
| | Fundamental Analysis | Oct 31 08 14:31 GMT
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The Canadian economy contracted 0.3% in August as fading demands from the global economy push firms to cutback on production. A breakdown of the report showed that manufacturing activity declined 1.1%...
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Canada Consumer Price Inflation Edges Down in September
| | Fundamental Analysis | Oct 24 08 16:35 GMT
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Total consumer prices in Canada rose 3.4% Y/Y in September - a slight improvement from the 3.5% pace of growth seen in August. Despite the ongoing slide in commodity prices during the month, food and ...
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CA Data
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Canada's Inflation Remains High at 3.4%; Core Rate Holds Steady at a Moderate 1.7%
| | Fundamental Analysis | Oct 24 08 14:19 GMT
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Canada's all-items inflation rose 0.1% in September, sending the year-over-year rate down slightly to 3.4% from 3.5% in August. The Bank of Canada's core measure, which excludes the eight most volatil...
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CA Data
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Trade Desk Thoughts - Canada CPI
| | Fundamental Analysis | Oct 24 08 12:43 GMT
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The rate of inflation in Canada rose in September the release shows. The CPI advanced 0.1% from one month earlier and 3.4% from September 2007, while the Core CPI rose 0.4% from the last month. Both t...
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CA Data
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Canadian Retail Spending Weakens Again in August
| | Fundamental Analysis | Oct 22 08 17:43 GMT
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Canadian retail sales posted the 0.3% M/M decline in August that markets were expecting. While the decline in sales excluding autos was also 0.3%, this figure was worse than expected. This decline was...
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CA Data
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Canadian Retail Sales Decline in August
| | Fundamental Analysis | Oct 22 08 15:09 GMT
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Nominal retail sales fell 0.3% in August in line with market expectations following gains of 0.6% and 0.1% in June and July, respectively. A decline had been widely expected because of earlier reports...
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Canadian Retail Sales and Leading Index Plunge
| | Fundamental Analysis | Oct 22 08 14:26 GMT
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Retail Sales fell by 0.3% in August after lower sales in the automotive sector more than offset higher sales in five of the seven other sectors. Excluding the entire automotive sector, retail sales in...
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CA Data
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Canada: Wholesale Sales Weaker than Expected
| | Fundamental Analysis | Oct 20 08 16:08 GMT
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After five consecutive months of gains, Canadian wholesale sales declined by a worse than expected 1.5% M/M in August, following the upwardly revised 2.7% M/M (previously reported as +2.3% M/M) gain i...
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CA Data
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Trade Desk Thoughts - CAD Wholesale Sales
| | Fundamental Analysis | Oct 20 08 14:05 GMT
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Wholesale sales for August decreased for the first time in five months, led by a significant decline in the automotive sector which declined by 1.5% to $45.7 billion. Sales excluding the automotive pr...
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CA Data
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Canada: September Employment Numbers - WOW!
| | Fundamental Analysis | Oct 10 08 15:35 GMT
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To say that this morning's jobs report far exceeded expectations would be an understatement. The 106,900 new jobs created in September was more than 10 times market expectations and the largest one-mo...
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CA Data
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Canada's Merchandise Trade Surplus Rises
| | Fundamental Analysis | Oct 10 08 15:28 GMT
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The merchandise trade surplus came in stronger than expected in August, rising to C$5.8 billion, although the surplus in July was revised down to C$4.2 billion (from an initially estimated C$4.9 billi...
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Canadian Employment Soars
| | Fundamental Analysis | Oct 10 08 15:27 GMT
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Employment soared 107,000 in September, which was well above an expected rise of 10,000. However, the unemployment rate remained unchanged at 6.1%. The increase in jobs was largely a reflection of the...
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CA Data
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Trade Desk Thoughts - Canadian Employment
| | Fundamental Analysis | Oct 10 08 12:36 GMT
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Employment in Canada increased by 107,000, much more than expected. However, the large increase was due in part to part-time workers, which increased by 97,000. The unemployment rate remained stable i...
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CA Data
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Canada Housing Starts Hold steady, Defy Expectations for Partial Reversal of August's Surge
| | Fundamental Analysis | Oct 08 08 16:11 GMT
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Housing starts held steady at a 217,600 annualized pace in September, stronger than forecast with economists looking for a moderation to 203,000 units. Starts were little changed from August's 217,400...
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CA Data
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Trade Desk Thoughts - CAD Ivey PMI
| | Fundamental Analysis | Oct 06 08 15:46 GMT
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The Ivey Purchasing Managers Index increased for the first time in two months to 61, a 950 basis point increase from August and a 510 basis point increase for the year. It was the ninth straight month...
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CA Data
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Trade Desk Thoughts - CAD Building Permits
| | Fundamental Analysis | Oct 06 08 15:20 GMT
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Declines in the residential and non-residential sectors led to a CAD$5.6 billion (-13.5%) decline in Building Permits during August, a level not seen since last March. For the year, permits decreased ...
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