Canada Data

  • 2015-04-21 08:30


    By Yali N'Diaye

    OTTAWA (MNI) - Whether in volume or value, Canada wholesale activity showed further weakness in February, with total sales down 0.4% on the month, following a 2.9% drop in January as estimated by Statistics Canada, not boding well for the first quarter performance.

    Real sales, more relevant to the GDP, decreased by 0.7% in February, following a 3.1% decline in January - revised up from -3.3% - meaning that March would have to be particularly strong to bring a meaningful offset to the first two months of the year.

    The 0.4% monthly decrease brought down the year-over-year growth pace to 5.5% in February from +7.3% in January, the smallest gain since April 2014 (+5.0%).

  • 2015-04-17 08:56


    By Yali N'Diaye

    OTTAWA (MNI) - Foreign investors' acquisitions of bonds focused on federal government debt in February, which attracted C$10.5 billion, the largest such purchases since May 2010, leading overall foreign investments in Canadian securities over the month, Statistics Canada's data indicated Friday.

    Foreign investors acquired C$9.3 billion in Canadian securities in February, up from C$5.8 billion in January.

    Investments in Canadian debt securities rose C$7.7 billion, while they were up C$1.6 billion for equities.

    Meanwhile, Canadian investments in foreign securities resumed in February, to the tune of C$9.4 billion, following a C$10.8 billion divestment in January.

    Canadians bought C$6.8 billion in foreign debt, with U.S.

  • 2015-04-17 08:38


    By Courtney Tower

    OTTAWA (MNI) - Canadian retail sales rebounded by 1.7% in February following two straight months of declines, with higher sales in all 11 subsectors of retail trade, Statistics Canada reported Friday.

    Retail sales excluding motor vehicle and parts were up 2.0% on the month, also surprising on the upside.

    Sales were especially strong given the upward revision to January's estimates to -1.4% for total sales from -1.7%, and to -1.5% excluding autos from an initial estimate of -1.8%.

    Particularly notable, sales at motor vehicles and parts dealers rose, by 0.9% after four consecutive monthly declines. Gasoline station sales increased 2.2% after seven consecutive monthly declines, posting their largest gain since December 2013.

  • 2015-04-17 08:30


    OTTAWA (MNI) - Canadian inflation rose to 1.2% on an annual basis in March from 1.0% in February, while core inflation that strips out volatile elements increased to 2.4% from 2.1% in February, topping analysts' expectations, Statistics Canada's data showed Friday.

    The first quarter this year posted total inflation - as calculated by the Bank of Canada - at 1.1%, and core at 2.4%, the highest core rate since 2Q 2009. Iin its April projections released Wednesday, the Bank of Canada estimated 1.0% total and 2.1% core on an annual basis for Q1.

    The BOC has projected that headline inflation in Q2 will slow to 0.8% on an annual basis with core remaining at 2.1%. In the third quarter, the BOC sees headline inflation at 0.9% and core at 2.0%.

  • 2015-04-15 10:04


    --Sees Strong Rebound Starting Q2 Through Mid-2016

    OTTAWA (MNI) - The Bank of Canada maintained its 0.75% policy interest rate Wednesday, saying that although Q1 growth had stalled to zero the economy would rebound in the second quarter and onward.

    The oil price shocks to the economy were even more front-loaded into Q1 than had been expected but not larger and soon would be overtaken by what the Bank calls a "natural sequence" of improving exports, business investment and domestic labor markets.

  • 2015-04-10 08:31


    --Jobless Rate Stays On Expectations; Full-Time -28,200
    --Labor Force Rises by 26,400

    Ottawa (MNI) - Canadian employment rose substantially in March from a flat February, but it was because of a large increase in part-time work while full-time work suffered, leaving the jobless rate unchanged at 6.8%, Statistics Canada reported Friday.

    The nation's unemployment rate stayed the same as 26,400 more workers entered the labor force to look for work.

    The decline in quality of employment in March was reflected not only in a decrease of 28,200 in full-time jobs against an increase double that in part-time work, of 56,800 jobs, but additionally in the goods-producing sector losing 16,500 workers while services gained 45,300.

  • 2015-04-09 08:38


    --Non-Residential Permits -5.4%, Residential +1.5%
    --House Only Prices +1.4% Y/Y vs Jan +1.6%; Land Only +0.9% Vs +1.0%

    By Yali N'Diaye

    OTTAWA (MNI) - The value of permits issued by Canadian municipalities decreased by 0.9% in February on the back of a 12.3% decline in January, indicating slower activity in months ahead, Statistics Canada's data showed Thursday.

    On the price front, moderation is also evidenced by the latest data.

    Canada New Housing Price Index recovered 0.2% in February following a 0.1% decrease the previous month, led by house only prices, which edged up 0.2% vs -0.1% in January. Land only prices were unchanged on the month after a 0.1% increase in January, the agency reported Thursday.

  • 2015-04-06 11:35


    By Yali N'Diaye

    OTTAWA (MNI) - The Canadian Ivey Purchasing Managers Index decreased nearly two points to 47.9 in March, remaining below the 50.0 mark that indicates weaker economic activity for the third consecutive month, the Richard Ivey School of Business reported Monday.

    The decrease was in line with a 3.7-point drop in the price index to 59.5, as the overall index is sensitive to prices since survey participants' answers are based on dollar amounts of purchases rather than volumes.

    The PMI decline is also consistent with the dampening impact of the oil price slump on businesses' activity and outlook as reported by the Bank of Canada's Business Outlook Survey Monday.

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

  • 2015-04-02 08:43


    --January Deficit Revised Up to -C$1.5b From -C$2.5b

    OTTAWA (MNI) - Canadian trade remained a negative drag on the economy in February, with a C$984 million overall deficit following a sharply revised C$1.5 billion deficit in January, Statistics Canada reported Thursday.

    The agency's report showed imports down by 0.7% in the month and exports up 0.4%. The overall deficit was down from January, after Statistics Canada produced a sharp C$1 billion revision to the C$2.5 billion deficit it had initially recorded for January. Analysts said the revision was due to late-arriving data showing higher sales of crude oil and bitumens and lower sales of low value goods.

  • 2015-03-31 08:36


    --Canada Jan GDP: Svcs Down, Goods Up; Manufacturing Falls 0.7%

    OTTAWA (MNI) -Canada's economy edged down by 0.1% in January, a slightly better result than expected, despite a serious decline in manufacturing production and an annual growth rate of 2.4% from 2.8% in December, Statistics Canada reported Tuesday.

    For the whole economy, the 0.1% decline followed an equally unexpected 0.3% increase in December.