Canada Data

  • 2016-05-25 10:00


    --Biz Investment & Intentions Disappointing; Infl Risks Balanced
    --Housing Vulnerabilities Higher; Wildfires To Cut Q2 GDP 1.25 PPT

    OTTAWA (MNI) - The Bank of Canada Wednesday maintained its 0.50% policy rate as a continuing "appropriate" stance despite an expected 1.25 percentage point cut off the second quarter's GDP growth and a disappointing business investment outlook.

    The Bank in a rate decision said the second quarter performance "will be much weaker than predicted because of the devastating Alberta wildfires." These would cut about 1.25 ppt off real GDP growth in Q2.

  • 2016-05-20 08:44


    --March Sales Ex Autos -0.3% Vs -0.4% Expected; Ex Autos and Gas -0.2%
    --Total Sales +1.6% in 1Q Vs +0.4% in 4Q 2015

    OTTAWA (MNI) - Canadian retail sales were weaker than expected in March, when they fell 1.0% on widespread declines led by the auto sector.

    Excluding a 2.9% drop in motor vehicles and parts, sales decreased 0.3% in March, erasing the 0.3% gain in February, Statistics Canada reported Friday.

    Analysts in an MNI survey had expected total sales to decrease 0.6%, for a 0.4% decline excluding autos.

    The weakness was due to volumes, as real sales fell 1.3% in March, following a 1.4% advance in February.

  • 2016-05-20 08:30


    By Courtney Tower

    OTTAWA (MNI) - Canadian inflation rate rose to 1.7% at an annual rate in April from 1.3% in March, one tick lower than expected, while core inflation increased to 2.2%, again one percentage point higher than expected.

    Statistics Canada reported Friday that the month-over-month Consumer Price Index increased 0.3% in April, following a 0.6% gain in March. Analysts surveyed by MNI had expected the not seasonally adjusted monthly rate to rise 0.4%.

    The Bank of Canada core index increased 2.2% on the year, versus the 2.1% expected by analysts, after rising 2.1% in March. Month-over-month, the core index was up 0.2%, versus 0.1% expected.

    The core inflation rate of 2.2% recorded in April was the highest since 2.4% in July 2015.

  • 2016-05-19 08:31


    --Ex Autos Sales -0.7% Vs -1.9% in February
    --Sales Volume -0.4% Vs -2.0% in February

    OTTAWA (MNI) - Canada wholesale sales disappointed again in March with a larger-than-expected decline of 1.0% on the month, following a 2.3% drop in February as reported Thursday by Statistics Canada.

    Meanwhile, inventories continued to edge down at a steady pace of 0.1%, lifting the inventory-to-sales ratio to 1.33 from 1.32 in February, the highest level since October 2015, when it stood at 1.34.

    Analysts' forecasts in a MNI had centered on a 0.7% decline in wholesale sales.

    As a result of March's contraction, year-over-year sales growth slowed to 1.3% from 3.3% in February.

  • 2016-05-18 08:35


    --Foreign Investment in Canadian Securities C$17.2b, 1-Year High
    --Canadian Investment in Foreign Securities C$2.3b

    OTTAWA (MNI) - Foreign investors boosted their exposure to Canadian securities in March, increasing acquisitions by C$17.2 billion, the highest monthly investment since April 2015, Statistics Canada reported Wednesday.

    Meanwhile, Canadian investment in foreign securities rose C$2.3 billion, a slowdown from C$4.3 billion in February.

    As a result, the net inflow into the Canadian economy was C$14.9 billion in March, leading to a record net inflow of C$52.8 billion in the first quarter, as foreign investment in Canadian securities rose C$44.5 billion while Canadian investors divested C$8.3 billion in foreign securities.

  • 2016-05-17 10:45


    By Yali N'Diaye

    OTTAWA (MNI) - While the wildfires that occurred in the area of Fort McMurray, in northeast Alberta, will have a negative impact on the province's GDP, at the national level, "the impacts will hardly be noticeable," The Conference Board of Canada reported Tuesday.

    While the extent of the impact of the oil production shutdowns will depend on how long these shutdowns last, with some producers having already restarted their activity, the research organization assumes that most facilities will be up and running by the end of May.

    The wildfires forced the evacuation of more than 80,000 people and disrupted the province's oil sand industry, the production of which is estimated to have been cut by more than 1 million barrels a day.

    That being said, the oil

  • 2016-05-16 10:01


    -- Sales-to-New Listings Ratio 64.5%, Tightest Since October 2009

    OTTAWA (MNI) - Existing home sales rose a further 3.1% in April to set a new monthly record high of 47,031, Canada Real Estate Association reported Monday, as the market is entering its busiest season of the year.

    The report showed further signs of housing market tightening, including markets that are already considered tight.

    The national sales-to-new listings ratio rose to 64.5% in April, its tightest reading since October 2009, as the number of new listings decreased 0.2% to 72,932 while sales rose by over 3%.

    Half of the regional markets recorded a ratio above the 60% threshold signaling conditions are favorable to sellers.

  • 2016-05-12 08:34


    --Ontario, British Columbia Main Contributors Due To Market Conditions
    --Alberta GDP Contracted 4.0% in 2015 After a 4.5% Gain in 2014

    OTTAWA (MNI) - While Canada New Housing Price Index rose at a steady pace of 0.2% in March from February, the 12-month growth rate increased to 2.0% from 1.8%, the largest gain since April 2013, Statistics Canada reported Thursday.

    House only prices rose 0.2% on the month, after increasing 0.3% in February. On a 12-month basis, the index rose 2.3%, up from 2.2% in February, posting its largest gain in three years.

    Land only prices were flat on the month after edging down 0.1% in February, and rose 1.1% on the year, slowing down from February, when they were up 1.2%.

  • 2016-05-09 09:10


    By Yali N'Diaye

    OTTAWA (MNI) - Canadian housing starts showed resilience in April, when they held above 190,000 despite edging down 0.5% on the month to a seasonally adjusted annual rate of 191,512, the Canada Mortgage and Housing Corporation reported Monday.

    The April report was roughly in line with analysts' expectations in a MNI survey that had centered on 190,000.

    March was revised down to 202,375 from 204,251.

    The six-month trend edged down to 195,064 from 196,103.

    "While the trend for Canada remained stable in April, there were off-setting differences at the local level, notably in Vancouver and Montreal," said CMHC Chief Economist Bob Dugan.

  • 2016-05-06 11:42


    --Conference Board of Canada Business Confidence Lowest Since 2009

    OTTAWA (MNI) - The Canadian Ivey Purchasing Managers Index increased to 53.1 in April from 50.1 in March, indicating economic expansion for the fourth consecutive month, data from the Richard Ivey School of Business showed Friday.

    Meanwhile, the price index declined to 53.9 from 58.5 in March.

    The Canadian Ivey PMI, unlike that produced by the U.S.