Canada Housing Starts - January 2020
Posted on Feb 10, 2020 in Economics
Canadian housing starts increased by 8.8% m/m in January to 213,224 units at a seasonally adjusted annual rate (SAAR). The increase was led by Ontario and Quebec. The trend in national housing starts fell, averaging about 211,000 units SAAR over the past six months. In BC, housing starts fell by 39% m/m to 26,237 units SAAR, which follows last mont...
Canadian Employment (January)
Posted on Feb 07, 2020 in Economics
Another good news report on the Canadian employment front. January reported an increase of 35,000 jobs (0.2%), adding to the increase reported in the previous month. This brought the national unemployment rate down from 5.6% in December to 5.5% in January.Regionally, increases were primarily in Quebec (19,000), Manitoba (6,500) and New Brunswick (4...
Canadian Monthly Real GDP (November 2019)
Posted on Jan 31, 2020 in Economics
The Canadian economy grew by 0.1% in November, offsetting most of the decline in October. Driving the increase were the construction industry (0.5%) and utilities (2.1%) where inclement weather in central Canada drove up demand (2.1%). There were gains in 15 of 20 industries, where retail trade recouped some of the loss reported in October, led by...
Bank of Canada Interest Rate Announcement
Posted on Jan 22, 2020 in Economics
The Bank of Canada held its overnight rate at 1.75 percent this morning. In the statement accompanying the decision, the Bank noted that while economic growth slowed in the fourth quarter, the global economy appears to be stabilizing and export demand and business investment should pick-up over the next year. In addition, strong population and inco...Canadian Employment December 2019
Posted on Jan 10, 2020 in Economics
A good news report. Canadian employment increased by 35,200 jobs in December, partially offsetting the previous month's decline of 71,200 jobs. This brought the national unemployment rate down from 5.9% in the previous month to 5.6% in December. Regionally, the increase was led by Ontario (25,000) and Quebec (21,000). December's increase was largel...BC Housing Starts - January 2020
Posted on Jan 09, 2020 in Economics
Canadian housing starts decreased by 3.4% in December to 197,329 units at a seasonally adjusted annual rate (SAAR). The trend in national housing starts fell, averaging about 212,000 units SAAR over the past six months. In BC, housing starts fell by 10% on a monthly basis to 42,791 units SAAR, largely due to contractions in the volatile multi-unit...
