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...

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...

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 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...

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...

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...

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...

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...

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...

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 ...

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...

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 ...

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....

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...

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...

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...

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 ...

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...

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...

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...

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...

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...

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 ...

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 ...

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...

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...

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...

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...

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...

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 ...

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...

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...

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...

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...

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%...

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 ...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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 ...