Canada Data

  • 2015-11-24 08:42

    WASHINGTON (MNI) - The following are top events and news reported Tuesday morning ET by MNI in the world financial system:

    * The U.S. Q3 real GDP revision Tuesday about as expected at 2.1% quarterly growth, but with a slightly weaker composition that sets Q4 up for perhaps less growth. The 0.6 point upward revision to Q3 real growth was on the high side of recent changes. It was accompanied by a favorable upward revision of $61.6 billion to Q2 wages & salaries, which bodes well for consumer spending power. However, for Q3, real final sales were revised slightly lower to show a 2.7% increase. Real final sales are defined as GDP less the change in inventories.

  • 2015-11-23 14:48

    --Oil Prices Rise Sharply on Supply Optimism

    WASHINGTON (MNI) - The following are top events and news reported Monday afternoon ET by MNI in the world financial system:

    * It won't be long, assuming the Federal Reserve starts raising the federal funds rate at its mid-December Federal Open Market Committee meeting, before Fed watchers worldwide will be focusing on U.S. monetary policy will be conducted after "liftoff," MNI's Steve Beckner writers. Fed officials are already looking ahead to the post-liftoff policy environment. The most important issue is the pace of rate hikes after the FOMC leaves the zero lower bound, as it is widely expected to do on Dec. 16.

  • 2015-11-20 08:54

    WASHINGTON (MNI) - The following are top events and news reported Friday morning ET by MNI in the global financial system:

    * European Central Bank President Mario Draghi set out the Autobahn to December easing Friday, leaving investors in no doubt that the Bank will keep its monetary policy pedal to the metal. In his last public speech before the ECB's December 3 meeting, Draghi added subtle changes in communication that suggest even headline inflation moving towards target will not throw the Bank of its easing course. "We want to feel suitably confident that inflation will not only converge to, but also stabilise around levels close to 2% over the relevant medium-term horizon," Draghi said.

  • 2015-11-20 08:50

    --Oct NSA CPI +0.1% M/M, +1.0% Y/Y, As Expected
    --Oct NSA Core CPI +0.3% M/M, +2.1% Y/Y, As Expected
    --Sept Retail Sales -0.5%, Below Expected; Ex Autos -0.5%, Ex Gas -0.1%

    OTTAWA (MNI) - Lower gasoline prices kept a lid both on inflation, which came in as expected in October, and on retail sales, which were weaker than expected in September, when they recorded widespread declines, data from Statistics Canada showed Friday.

    September retail sales fell 0.5%, erasing the 0.5% gain registered in August, and printing below the 0.1% decrease expected by analysts in a MNI survey. As a result, the 12-month growth pace slowed to 1.2% from 2.6% the previous month.

  • 2015-11-19 08:34

    --Wholesale Sales Volume -0.4% Vs Aug -0.5%; 3Q -0.9% Vs 2Q +2.0%
    --Inventories -0.4%, First Drop Since October 2013

    OTTAWA (MNI) - Canada wholesale sales edged down 0.1% in September, contributing to an overall slowdown in the third quarter with the auto sector recording lower sales each month in 3Q, Statistics Canada reported Thursday.

    Meanwhile, inventories fell 0.4% from record high levels in August, posting their first decline since October 2013 as a result of decreases in four of seven subsectors representing 64% of inventories.

    The inventory-to-sales ratio remained unchanged at 1.32.

  • 2015-11-19 08:27

    --ECB Malta Minutes Show Deep Concern Re Prices
    --France Adds E600 Mln in Security Spending; Terrorist Mastermind Killed

    WASHINGTON (MNI) - The following are top events and news reported Thursday morning ET by MNI in the global financial system:

    * The People's Bank of China took another step along the path to a new monetary policy framework Thursday, by cutting interest rates on its Standing Lending Facility, a move it described as an "exploration" of the use of the tool as the ceiling rate in its proposed interest-rate corridor. The rate on the seven-day Standing Lending Facility (SLF) will drop to 3.25% from 5.5%, with the overnight SLF rate dropping to 2.75% from 4.5%, both effective November 20, according to an announcement on the central bank's website.

  • 2015-11-17 12:30

    --US Oct CPI/Core +0.2% As Expected; Industrial Production -0.2%

    WASHINGTON (MNI) - The following are top events and news reported Tuesday afternoon ET by MNI in the global financial system:

    * Requiring the Federal Reserve to follow a set monetary policy rule, along with a review of that policy by the Government Accountability Office, would "severely damage" the U.S. economy and would prevent the U.S. central bank from achieving its mandates, Federal Reserve Chair Janet Yellen said Tuesday in a letter to Congress.

  • 2015-11-16 10:46

    By Courtney Tower

    OTTAWA (MNI) - Canadian home resales rebounded in October, rising 1.8% from September on a seasonally adjusted annualized basis, although actual sales not seasonally adjusted were little changed (+0.1%) from October last year, the Canadian Real Estate Association reported Monday.

    Once again, and repeating the experiences of many months and quarters past, there was a divergence between continued boom in Greater Toronto and surrounding areas and in Greater Vancouver along with the British Columbia Lower Mainland, and lower activity elsewhere in the country.

    The national average sales price of C$452,552 was up 2.9% seasonally adjusted on the month, but up 8.3% not seasonally adjusted on the year.

  • 2015-11-16 08:36

    --IMF's Lagarde Discloses Staff View for RMB/SDR Vote Nov 30
    --US Empire State, Canada Mfg Sales Both Worse Than Expected
    --EMU Core Inflation at 22-Month High

    WASHINGTON (MNI) - The following are top events and news reported Monday morning ET by MNI in the global financial system:

    * Greece's creditors want lawmakers to approve all banking regulation currently discussed between Athens and it lenders and the vote is expected to take place on Thursday at the earliest, a senior Eurozone source told MNI Monday.

  • 2015-11-16 08:31

    --Canadian Investors Resume Frgn Securities Purchases, Mostly US

    OTTAWA (MNI) - Foreign investment in Canadian securities increased C$3.3 billion in September, with a focus on equities, following acquisitions of C$5.8 billion in August, Statistics Canada reported Monday.

    Canadian debt acquisitions were just C$130 million in September, with a C$766 million divestment in money market instruments and slightly less than $1.0 billion in bond acquisitions.

    The C$896 million bond investment increase resulted from divergent trends, as foreign investors bought C$5.7 billion Canadian corporate debt, while exiting federal government debt which recorded a divestment of C$1.9 billion, the largest since December 2014.