RELATED NEWS

Friday November 21 2014
Canada Inflation Rate Edges Up  
Canadian annual inflation rate increased to 2.4 percent in October from 2 percent in September. Higher prices for shelter and food led the rise in the consumer price index.
Friday November 07 2014
Canada Unemployment Rate Down to 6-Year Low  
Canadian jobless rate fell to 6.5 percent in October of 2014 from 6.8 percent in September. It is the lowest rate since November of 2008. Employment edged up for the second consecutive month by 43,100.
Tuesday November 04 2014
Canada Posts Trade Surplus in September  
Canadian trade balance registered a CAD 710 million surplus in September of 2014 from a revised CAD 460 million deficit in August, due to a 1.5 percent drop in imports, mainly energy and metal products.
Wednesday October 22 2014
Canada Leaves Monetary Policy Unchanged  
At its October 22nd meeting, the Bank of Canada decided to leave the overnight rate unchanged at 1 percent, while raising concerns over global economic outlook.
Friday October 17 2014
Canada Inflation Rate Back to Central Bank’s Target  
Canadian annual inflation rate slowed to 2 percent in September from 2.1 percent in August. Higher prices for shelter and food contributed the most to the rise in the CPI, while the transportation index posted the smallest increase.
Friday October 10 2014
Canada Unemployment Rate Falls in September  
Canadian jobless rate decreased by 0.2 percentage points to 6.8 percent in September of 2014, the lowest since December 2008. Employment increased by 74,000, nearly all in full-time work.
Tuesday November 04 2014
Canada Trade Balance Swings to Deficit in August  
Canadian balance of trade registered a CAD 610 million deficit in August of 2014 from a revised CAD 2.2 billion surplus in July, as exports decreased 2.5 percent while imports increased 3.9 percent to the highest value on record.
Friday September 19 2014
Canada Inflation Rate Stable at 2.1% in August  
Canadian consumer prices rose 2.1 percent in the 12 months to August, matching the increase in July. The biggest contributor to the rise was cost of shelter; prices of household operations, furnishings and equipment, food, and transportation also increased.
Friday September 05 2014
Canadian Unemployment Rate Unchanged in August  
Canadian jobless rate remained unchanged at 7 percent in August of 2014 while employment unexpectedly fell including a record drop in private-sector jobs.
Thursday September 04 2014
Canada Reports Trade Surplus in July  
Canada's trade surplus widened to $2.6 billion in July from $1.8 billion in June as exports increased 1.4 percent while imports edged down 0.3 percent.
Wednesday September 03 2014
Canada Holds Key Rate at 1%  
At its September 3rd meeting, the Bank of Canada decided to leave the overnight rate unchanged at 1 percent, saying risks to the inflation outlook remain balanced.
Friday August 29 2014
Canada GDP Growth Beats Expectations  
Canadian GDP rose 0.8 percent in the second quarter of 2014, following a revised 0.2 percent increase in the first quarter. This was the largest quarterly gain since the third quarter of 2011, as all sectors of the economy increased except non-profit institutions serving households.
Thursday August 28 2014
Canada Current Account Deficit Almost Unchanged in Q2  
Canada's seasonally adjusted current account deficit was largely unchanged in the second quarter of 2014, edging down $0.2 billion to $11.9 billion. This reflected a slight increase in the deficit on trade in goods and services, which was more than offset by a lower investment income deficit.
Friday August 22 2014
Canada Inflation Rate Slows in July  
Canada annual inflation decelerated for the first time in five months to 2.1 percent in July from 2.4 percent in June. Higher prices for shelter and food contributed the most to the rise in the CPI, while transport cost put downward pressure.
Friday August 15 2014
Canada Corrects Jobs Report for July  
Canada's jobs numbers for July have been corrected to show that employment rose by 41,700, not the 200 that statistics agency first reported last week. The agency failed to count workers who should have been categorized as full-time employees.
Friday August 08 2014
Canada Unemployment Rate Falls to 7% in July  
Canadian jobless rate fell to 7.0 percent in July of 2014, from 7.1 percent in the previous month, as the number of jobseekers fell.
Wednesday August 06 2014
Canada Trade Surplus Widens to 2-1/2 Year High in June  
Canada's surplus increased to $1.9 billion in June from $576 million in the previous month, reaching its highest level since December of 2011. Exports rose 1.1 percent to a record high driven by metal and non-metallic mineral products, consumer goods, and energy products sales.
Friday July 18 2014
Canada Inflation Rate Rises Further  
Canadian consumer prices rose 2.4 percent year-on-year in June, following a 2.3 percent increase in the previous month. While prices increased in all major components, cost of shelter, food and transportation contributed the most to the rise.
Wednesday July 16 2014
Canada Leaves Monetary Policy Unchanged  
The Bank of Canada announced on July 16th that it is maintaining its target for the overnight rate at 1 percent. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 percent.
Friday July 11 2014
Canada Unemployment Rate Up to 7.1%  
The Canadian economy lost 9400 jobs in June of 2014 and the jobless rate rose by 0.1 percentage points to 7.1 percent, as more people were searching for work.
Thursday July 03 2014
Canada Trade Deficit Narrows in May  
Canada trade gap narrowed to CAD 152 million in May of 2014, down from a revised CAD 961 million in the previous month. Exports increased to the second highest value on record, led by sales of motor vehicles and parts.
Friday June 20 2014
Canada Inflation Rate Accelerates in May  
Canadian consumer prices rose 2.3 percent year-on-year in May of 2014, up from 2 percent in the previous month and reaching the highest rate in 27 months. Energy cost surged 8.4 percent in the 12 months to May, matching the rise in April.
Friday June 06 2014
Canada Unemployment Rate Rises to 7% in May  
Canada's jobless rate increased 0.1 percentage points to 7.0 percent as there were more people in the labour market. Employment edged up by 26,000 in May, driven by gains in part-time work.
Wednesday June 04 2014
Bank of Canada Keeps Overnight Rate at 1%  
The Bank of Canada announced on June 4th that it is maintaining its target for the overnight rate at 1 percent. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 percent.
Wednesday June 04 2014
Canada Reports Trade Deficit in April  
Canada recorded a trade gap of CAD 638 Million in April as exports declined 1.8 percent and imports hit a new record high rising 1.4 percent.
Friday May 30 2014
Canadian GDP Growth Slows to 2-Year Low in Q1  
In the first quarter of 2014, Canadian economy expanded 0.3 percent, following 0.7 percent growth in the previous period. This was the smallest increase since the fourth quarter of 2012, mainly due to a sharp fall on investment and exports.
Thursday May 29 2014
Canada Current Account Deficit Narrows in Q1  
Canada's seasonally adjusted current account gap declined to CAD 12.4 billion in the first quarter of 2014 from a CAD 15.6 billion deficit in the previous quarter, as the trade balance posted its first surplus since the end of 2011.
Friday May 23 2014
Canada Inflation Rate Up to 2-Year High  
Canadian annual consumer prices rose 2 percent in April of 2014 from 1.5 percent in March, driven by an 8.4 percent surge in energy prices. The inflation rate stands now at the central bank's 2 percent target.
Friday May 09 2014
Canada Unemployment Rate Steady at 6.9% in April  
Canada's jobless rate was unchanged at 6.9 percent in April as the number of people participating in the labour market edged down and employment decreased by 29,000.
Tuesday May 06 2014
Canada's Trade Surplus Narrows in March  
Canada's trade surplus declined to CAD 79 million in March from CAD 847 million in February as exports decreased 1.4 percent and imports reached a record high. Although the March figure was lower than expected, it was the second consecutive monthly surplus since the end of 2011.
Thursday April 17 2014
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
Wednesday April 16 2014
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
Friday April 04 2014
Canadian Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Canadian jobless rate fell to 6.9 from 7.0 percent in the previous month and 7.2 percent a year earlier. Employment increased by 42,900, driven by gains among youths, compared with a loss of 7,000 jobs in February.
Thursday April 03 2014
Canadian Trade Balance Turns to a CAD 290 Million Surplus  
Trade balance in Canada recorded a surplus of CAD 290 million in February of 2014, following a CAD 337 million deficit in January, as exports grew 3.6 percent and imports were up 2.1 percent. Motor vehicles and parts, and energy products improved exports, while imports increased for energy products.
Friday March 21 2014
Canada Inflation Rate Slows in February  
Canadian annual inflation rate decelerated for the first time in 4 months to 1.1 percent, after hitting a 19-month high 1.5 percent in January. The slowdown is mainly due to a 1.3 percent fall in gasoline prices, following a 4.6 percent increase in January.
Friday March 07 2014
Canada Trade Deficit Narrows Sharply in January  
Canadian trade deficit decreased to CAD 172 million in the first month of 2014 from CAD 922 million in December of 2013 as imports declined 1.6 percent while exports edged up 0.2 percent.
Friday March 07 2014
Canada Unemployment Rate Steady at 7%  
In February of 2014, Canada's jobless rate remained unchanged at 7 percent. There has been little overall employment growth in Canada since August 2013.
Wednesday March 05 2014
Canada Leaves Monetary Policy Unchanged  
At its March 5th, 2014 meeting, Canada's central bank decided to leave the overnight rate unchanged at 1 percent, as widely expected, citing balanced risks to inflation, housing market and household debt.
Friday February 28 2014
Canadian Economy Resilient in Q4  
In the last three months of 2013, Canada’s GDP advanced 0.7 percent on a quarter-on-quarter basis, the same rate recorded in the preceding quarter. The annualized growth rate was recorded at 2.9 percent, better than 2.7 percent in the third quarter.
Thursday February 27 2014
Canada's Current Account Deficit Widened in Q4  
Canada's current account deficit increased by CAD 1.2 billion to CAD 16.0 billion in the fourth quarter of 2013. It is the highest deficit in the last five quarters, as exports fell due to lower crude oil prices and imports rose.
Friday February 21 2014
Canada Inflation Up to 19-Month High in January  
Canada’s annual inflation rate accelerated in January of 2014 to 1.5 percent from 1.2 percent in the previous month, boosted by higher shelter costs.
Friday February 07 2014
Canadian Unemployment Rate Edges Down to 7% in January  
Canadian jobless rate declined 0.2 percentage points to 7.0 percent in January of 2014. Employment rose by 29,000 as a result of an increase in full-time work. Youth Unemployment was registered at 13.9 percent.
Thursday February 06 2014
Canadian Trade Deficit Widens Further in December  
In December of 2013, Canada's trade deficit widened slightly to CAD 1.7 billion, up from CAD 1.5 billion in November, as imports rose 1.2 percent while exports edged up by 0.9 percent.
Friday January 24 2014
Canada Inflation Rate Accelerates in December  
In December of 2013, Canada’s inflation rate accelerated for the second straight month to 1.2 percent, the highest value in five months. The faster annual increase in the CPI was largely attributable to higher gasoline prices, which advanced 4.7 percent in the 12 months to December, following a 0.4 percent gain in November.
Wednesday January 22 2014
Canada Leaves Rates on Hold in January  
The Bank of Canada announced on January 22nd that it is maintaining its target for the overnight rate at 1 percent, as inflation is expected to remain below target for some time.
Friday January 10 2014
Canada Unemployment Rate Rises in December  
Canadian jobless rate rose 0.3 percentage points to 7.2 percent In December of 2013, as more people searched for work. Employment fell by 46,000 as a result of declines in full-time work.
Tuesday January 07 2014
Canada Trade Deficit Widens in November  
In November of 2013, Canadian trade deficit increased slightly to CAD 940 million, up from CAD 908 million in October, as imports edged up 0.1 percent, while exports were unchanged.
Friday December 20 2013
Canada's Inflation Rate Rises to 0.9% in November  
Canada's Consumer Price Index rose 0.9% in the 12 months to November, following a 0.7% increase in October. November marked the 7th time in the last 13 months in which the CPI increased less than 1.0% on a year-over-year basis.
Friday December 06 2013
Canadian Unemployment Rate Steady at 6.9% in November  
In November, Canada's unemployment rate held steady at 6.9 percent for the third month in a row. Employment continued on a slight upward trend for the third consecutive month, edging up 22,000.
Wednesday December 04 2013
Canada Monetary Policy Unchanged in December  
The Bank of Canada announced on December 4th that it is maintaining its target for the overnight rate at 1 percent. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 percent.
Wednesday December 04 2013
Canada Posts Trade Surplus in October  
In October of 2013, Canada's trade balance turned into a surplus of CAD 75 million, the first surplus since December of 2011. Merchandise imports declined 1.2 percent and exports decreased 0.3 percent in October.
Friday November 29 2013
Canada's GDP Growth Accelerates to 0.7% QoQ in Q3  
Canadian GDP quickened in the third quarter of 2013 to its fastest pace in nearly two years. The GDP expanded 0.7 percent quarter-on-quarter, following a 0.4 percent growth in the previous three-month period, as household and government final consumption and business investment all increased.
Thursday November 28 2013
Canada's Current Account Deficit Narrows in Q3  
Canada's current account deficit (on a seasonally adjusted basis) decreased CAD 0.5 billion to CAD 15.5 billion in the third quarter of 2013. This change largely reflected reduced deficits on trade in goods and services as well as on investment income flows.
Friday November 22 2013
Canada Inflation Rate Down to 0.7% in October  
The Consumer Price Index rose 0.7 percent in the 12 months to October, following a 1.1 percent increase in September. This slower rise was mainly attributable to a year-over-year decline in gasoline prices.
Thursday November 14 2013
Canadian Trade Deficit Narrows in September  
In September, Canada's trade deficit narrowed from CAD 1.1 billion in August to CAD 435 million in September. Exports grew 1.8 percent while imports edged up 0.2 percent in September.
Friday November 08 2013
Canadian Unemployment Rate Steady at 6.9% in October  
Employment was little changed for the second consecutive month and the unemployment rate remained at 6.9 percent in October.
Wednesday October 23 2013
Bank of Canada Leaves the Overnight Rate on Hold at 1%  
The Bank of Canada decided on October 23rd to maintain the overnight rate at 1 percent, citing already-elevated household imbalances, while the inflation rate has been persistently below target.
Friday October 18 2013
Canada’s Inflation Rate Steady at 1.1% In September  
In September of 2013, Canadian annual inflation rate remained stable at 1.1 percent, matching the August figure. Higher shelter costs led the rise in the CPI and increases for food and transportation were also contributing factors. Cost of health and personal care were the only to decline in September.
Friday October 11 2013
Canada’s Unemployment Rate Falls to 6.9% In September  
In September of 2013, Canadian jobless rate declined 0.2 percentage points to 6.9 percent as fewer youths searched for work. Employment was little changed.
Tuesday October 08 2013
Canadian Trade Deficit Widens In August Over the Previous Month  
In August of 2013, Canada’s trade deficit increased to CAD 1.3 billion, from CAD 1.2 billion in July. Imports grew 2.1 percent in August, while exports were up 1.8 percent, mainly due to lower sales to the European Union.
Friday September 20 2013
Canada's Inflation Rate Slows to 1.1% in August  
In August of 2013, Canadian annual inflation rate decelerated to 1.1 percent, from 1.3 percent in July. While cost of health and personal care declined for the fifth consecutive month, prices of food and clothing increased more in August than in July.
Friday September 06 2013
Canadian Unemployment Rate Down to 7.1% in August  
In August of 2013, employment increased by 59,000, mainly in part-time work, and the jobless rate declined 0.1 percentage points to 7.1 percent. Over the six months to August, employment gains averaged 12,000 per month, lower than the average of 29,000 observed during the preceding six-month period.
Wednesday September 04 2013
Bank of Canada Maintains Key Interest Rate at 1%  
The Bank of Canada decided on September 4th to maintain the overnight rate at 1 percent, amid weak economic growth and low inflationary pressures.
Wednesday September 04 2013
Canadian Trade Deficit Doubles in July  
In July, Canada's trade deficit with the world widened from $460 million in June to $931 million as imports grew 0.6 percent and exports declined 0.6 percent. Lower exports of aircraft and precious metals were the main contributors to the decline.
Friday August 30 2013
Canadian GDP Growth Slows to 0.4% QoQ in Q2  
In the second quarter of 2013, Canadian GDP grew 0.4 percent quarter-on-quarter, following 0.5 percent growth in the first quarter, mainly due to a drop in investment.
Thursday August 29 2013
Canadian Current Account Deficit Widens In Q2  
Canada's current account deficit (on a seasonally adjusted basis) increased $1.1 billion to $14.6 billion in the second quarter. This change was largely reflected in the trade balance, led by a higher deficit on trade in goods.
Friday August 23 2013
Canadian Inflation Rate Up to 12-Month High in July  
In July of 2013, Canadian inflation rate rose 1.3 percent, from 1.2 percent increase in June, led by transportation prices. In addition to transportation, the shelter component was a main upward contributor to the increase in the CPI in July. At the same time, the food index posted its smallest year-over-year increase in over three years.
Friday August 09 2013
Canadian Unemployment Rate Edges Up to 7.2% in July  
In July, Canada's jobless rate rose 0.1 percentage points to 7.2 percent and employment decreased by 39,000 persons. The decrease in employment was driven by the public sector which lost 74,000 jobs mostly in health care and social assistance.
Tuesday August 06 2013
Canadian Trade Deficit Narrows in June to 3-Month Low  
In June of 2013, Canada's trade deficit narrowed to 469 million CAD from 781 million CAD in May and 1750 million CAD a year earlier. While exports grew 1.4 percent over the previous month, led by unwrought precious metals, passenger cars and light trucks as well as aircraft, imports increased 0.6 percent.
Friday July 19 2013
Canada's Inflation Rate Up to 4-Month High in June  
In June of 2013, Canadian inflation rate rose 1.2 percent year-on-year, following a 0.7 percent increase in May, due to higher prices for transportation, shelter and food components.
Wednesday July 17 2013
Canadian Monetary Policy Unchanged in July  
The Bank of Canada decided on July 17th to maintain the overnight rate at 1 percent, citing weak economic growth and low inflationary pressures.
Friday July 05 2013
Canadian Unemployment Rate Unchanged at 7.1% in June  
In June of 2013, employment was virtually unchanged and the unemployment rate remained at 7.1 percent. Employment rose in professional, scientific and technical services, and declined in accommodation and food services as well as information, culture and recreation.
Wednesday July 03 2013
Canadian Trade Deficit Narrows in May  
In May of 2013, Canada's merchandise imports fell 3.2 percent and exports declined 1.6 percent. As a result, the trade deficit with the world decreased from $951 million in April to $303 million in May. The overall decline in exports was led by metal and non-metallic mineral products, as well as motor vehicles and parts, while imports fell largely due to lower imports of energy products, and metal ores and non-metallic minerals.
Friday June 21 2013
Canada Inflation Rate Up to 0.7% in May  
Canadian Consumer Price Index (CPI) rose 0.7 percent in the 12 months to May, following a 0.4 percent increase in April driven by higher shelter and food costs.
Friday June 07 2013
Canada Unemployment Rate Down to 7.1% In May  
Following little change the previous month, employment rose by 95,000 in May, with most of the increase in full-time work. This employment gain pushed the unemployment rate down 0.1 percentage points to 7.1%.
Friday August 09 2013
Canada's Economy is Finally Bouncing Back  
Recent data updates for Canada show that the economy may continue to pick up over coming quarters as consumer spending has been slowly gaining traction and exports have been recovering.
Tuesday June 04 2013
Canada Trade Deficit Widens In April  
Canada's merchandise imports rose 1.2% in April, while exports edged down 0.2%. As a result, Canada's trade deficit with the world went from $3 million in March to $567 million in April.
Friday May 31 2013
Canada Economy Grows 0.6% QoQ In Q1  
Real gross domestic product in Canada expanded at the fastest pace in six quarters in the first three months of 2013, bolstered by a 1.5% increase in exports.
Wednesday May 29 2013
Bank of Canada Maintains Overnight Rate Target At 1%  
The Bank of Canada announced on May 29th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Friday May 17 2013
Canada Inflation Rate Down To 0.4% In April  
The Consumer Price Index (CPI) rose 0.4% in the 12 months to April, following a 1.0% increase in March. Declining gasoline prices were largely responsible for the 0.6 percentage point difference in the 12-month change in the CPI. Price decreases for the purchase of passenger vehicles were also a factor.
Friday May 10 2013
Canada Unemployment Rate Remains Unchanged At 7.2% in April  
Following a decline the previous month, employment was little changed in April and the unemployment rate remained at 7.2%.
Thursday May 02 2013
Canada Posts Trade Surplus In March  
Canada's merchandise exports increased 5.1% in March and imports rose 1.7%. As a result, Canada's trade balance went from a deficit of $1.2 billion in February to a surplus of $24 million in March.
Friday April 19 2013
Canada Inflation Rate Down To 1.0% In March  
The Consumer Price Index (CPI) rose 1.0% in the 12 months to March, following a 1.2% increase in February.
Wednesday April 17 2013
Bank of Canada Keeps Monetary Policy Unchanged  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 percent.
Friday April 05 2013
Canada Unemployment Rate Up To 7.2% in March  
Following an increase the previous month, employment declined by 55,000 in March, all in full time. The unemployment rate rose 0.2 percentage points to 7.2%.
Friday April 05 2013
Canada Trade Deficit Widens in February  
Canada's merchandise exports decreased 0.6% in February, while imports edged up 0.1%. As a result, Canada's trade deficit with the world widened from $746 million in January to $1.0 billion in February.
Wednesday March 27 2013
Canada Inflation Rate Up To 1.2% In February  
The Consumer Price Index (CPI) rose 1.2% in the 12 months to February, following a 0.5% advance in January.
Wednesday May 22 2013
Canada's Growth Is Losing Steam  
After returning to high pace of growth in 2010 and 2011, Canada's economy has been slowing down. The GDP barely grew in the last two quarters of 2012, and there are clear signs that consumption has been weakening.
Friday March 08 2013
CANADA UNEMPLOYMENT RATE REMAINS At 7% in FEBRUARY  
Employment rose by 51,000 in February, following a slight decline the previous month. This increase was spread between full- and part-time work. The unemployment rate remained at 7.0% as more people participated in the labour force.
Thursday March 07 2013
CANADA TRADE DEFICIT NARROWS AGAIN IN JANUARY  
Canada's merchandise exports rose 2.1% in January and imports increased 1.9%. As a result, Canada's trade deficit with the world narrowed from $332 million in December to $237 million in January.
Wednesday March 06 2013
Bank of Canada Keeps Monetary Policy Unchanged  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Friday March 01 2013
Canada Economy Grows 0.2% in Q4  
Real gross domestic product (GDP) edged up 0.2% in the fourth quarter, similar to the gain in the third quarter.
Thursday February 28 2013
Canada´s Current Account Deficit Narrows To $17.3 Billion In 4Q  
Canada's current account deficit (on a seasonally adjusted basis) decreased $0.8 billion to $17.3 billion in the fourth quarter. The reduction to the goods deficit was partially offset by the increase of the investment income deficit.
Friday February 22 2013
Canada Inflation Rate Down to 0.5% in January  
The Consumer Price Index (CPI) rose 0.5% in the 12 months to January, following a 0.8% gain in December.
Friday February 08 2013
Canada Trade Deficit Shrinks in December  
Canada's merchandise imports fell 2.8% in December and merchandise exports declined 0.9%. As a result, Canada's trade deficit with the world decreased from $1.7 billion in November to $901 million in December.
Friday February 08 2013
Canada Unemployment Rate At 7% in January  
Following two months of gains, employment decreased slightly in January (-22,000). A decline in the number of people looking for work pushed the unemployment rate down 0.1 percentage points to 7.0%.
Friday January 25 2013
Canada Inflation Rate Unchanged at 0.8%  
The Consumer Price Index (CPI) rose 0.8% in the 12 months to December, matching the increase in November. On a seasonally adjusted monthly basis, the CPI decreased 0.1% in December after declining 0.2% in November.
Wednesday January 23 2013
Bank of Canada Keeps Monetary Policy Unchanged  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Friday January 11 2013
Canada Trade Deficit Widens in November  
Canada's merchandise imports rose 2.7% in November, while exports decreased 0.9%. As a result, Canada's trade deficit with the world widened from $552 million in October to $2.0 billion in November.
Friday January 04 2013
Canada Unemployment Rate At 7.1% in December  
Employment rose by 40,000 in December of 2012, the fourth increase in five months. The unemployment rate declined 0.1 percentage points to 7.1%, the lowest in four years.
Friday December 21 2012
Canada's Inflation Rate Down to 0.8 Percent in November  
Consumer prices rose 0.8 percent in the 12 months to November, following a 1.2 percent gain in October. The November increase was the smallest year-over-year gain in the Consumer Price Index (CPI) since October 2009. On a seasonally adjusted monthly basis, the CPI decreased 0.2 percent in November after increasing 0.2 percent in October.
Tuesday December 11 2012
Canada's Trade Deficit Narrows in October  
Canada's merchandise imports declined 1.2 percent while exports increased 1.0 percent in October. As a result, Canada's trade deficit with the world narrowed from $1.0 billion in September to $169 million in October.
Friday December 07 2012
Canada's Unemployment Decreased to 7.2% in November  
The unemployment rate declined 0.2 percentage points from 7.4% in October to 7.2% in November.
Tuesday December 04 2012
Bank of Canada Keeps Monetary Policy Unchanged  
The Bank of Canada announced December 4th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Friday November 30 2012
Canada's Economy Expands 0.1 Percent in Q3  
Real gross domestic product (GDP) rose 0.1 percent in the third quarter, slowing from the 0.4 percent growth in the second quarter. The slower pace of growth was the result of declines in exports and business investment. Final domestic demand grew 0.4 percent. On a monthly basis, real GDP by industry was unchanged in September.
Friday November 23 2012
Canada's Inflation Stable at 1.2 percent in October  
Consumer prices rose 1.2 percent in the 12 months to October, matching the increases in August and September. Energy prices rose at a slower year-over-year rate in October compared with September, while air transportation, food purchased from stores and property taxes posted larger price gains.
Thursday November 08 2012
Canada's Trade Deficit Narrows in September  
Canada's merchandise exports rose 1.9% and imports were unchanged in September. As a result, Canada's trade deficit with the world narrowed from $1.5 billion in August to $826 million in September.
Friday November 02 2012
Canada's Unemployment Remained at 7.4% in October  
Following two consecutive months of increases, employment in October was unchanged and the unemployment rate remained at 7.4%.
Friday November 02 2012
Canada's Unemployment Remained at 7.4% in October  
Following two consecutive months of increases, employment in October was unchanged and the unemployment rate remained at 7.4%.
Tuesday October 23 2012
Bank of Canada Keeps Monetary Policy Unchanged  
The Bank of Canada announced on October 23th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 per cent.
Friday October 19 2012
Canada's Inflation Stable at 1.2 percent in September  
Consumer prices rose 1.2 percent in the 12 months to September, matching the increase in August. Higher energy prices, particularly for gasoline and electricity, led the advance in the Consumer Price Index (CPI) for September.
Thursday October 11 2012
Canada's Trade Deficit Narrows in August  
Canada's merchandise imports fell 3.1% and exports edged down 0.1% in August. As a result, Canada's trade deficit with the world narrowed from $2.5 billion in July to $1.3 billion in August.
Friday October 05 2012
Canada's Unemployment Rate Up to 7.4% in September  
Canada's employment increased for the second consecutive month in September, up 52,000, mainly in full-time work. The unemployment rate rose 0.1 percentage points to 7.4% as more people participated in the labour market.
Friday September 21 2012
Canada's Inflation Down to 1.2% in August  
Canada consumer prices rose 1.2% in the 12 months to August, following a 1.3% gain in July. Higher prices for the purchase of passenger vehicles, gasoline, meat and food purchased from restaurants were major factors in the year-over-year increase of the August Consumer Price Index (CPI).
Tuesday September 11 2012
Canada's Trade Deficit Widens in July  
Canada's merchandise exports fell 3.4% and imports decreased 2.2% in July. As a result, Canada's trade deficit with the world expanded from $1.9 billion in June to $2.3 billion in July.
Friday September 07 2012
Canada's Unemployment Rate Unchanged at 7.3% in August  
After a decline in July, employment rose by 34,000 in August, the result of an increase in part-time work. The unemployment rate held steady at 7.3%.
Wednesday September 05 2012
Bank of Canada Keeps Monetary Policy Unchanged  
The Bank of Canada announced on September 5th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 percent and the deposit rate is 3/4 per cent.
Friday August 31 2012
Canada's Economy Expands 0.5% in Q2  
Canada's Real gross domestic product (GDP) rose 0.5% in the second quarter, matching the pace of the two previous quarters. Business investment contributed the most to second-quarter GDP growth. Final domestic demand grew 0.4%. On a monthly basis, real GDP by industry advanced 0.2% in June.
Friday August 17 2012
Canada's Inflation Down to 1.3% in July  
Canada Consumer prices rose 1.3% in the 12 months to July, following a 1.5% gain in June. Higher prices for the purchase of passenger vehicles, food purchased from restaurants, meat and electricity were major factors in the increase of the July Consumer Price Index (CPI).
Friday August 10 2012
Canada's Unemplyment Rate Up to 7.3% in July  
Following two months of little change, employment in July declined by 30,000, the result of losses in part-time work. The unemployment rate rose 0.1 percentage points to 7.3%.
Thursday August 09 2012
Canada's Trade Deficit Widens in June  
Canada's merchandise imports rose 2.3% while exports edged up 0.2% in June. As a result, Canada's trade deficit with the world widened from $954 million in May to $1.8 billion in June.
Friday July 20 2012
Canada's Annual Inflation Up to 1.5% in June  
Canada's consumer prices rose 1.5% in the 12 months to June, following a 1.2% gain in May. The increase in the Consumer Price Index (CPI) was led by higher prices for the purchase of passenger vehicles and, to a lesser extent, for electricity.
Tuesday July 17 2012
Bank of Canada Keeps Monetary Policy Unchanged  
The Bank of Canada announced on July 17th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Wednesday July 11 2012
Canada's Trade Deficit Widens in May  
Canada's merchandise imports increased 0.4% while exports were relatively unchanged in May. As a result, Canada's trade deficit with the world widened from $623 million in April to $793 million in May.
Friday July 06 2012
Canada's Unemployment Rate Down to 7.2% in June  
In June, employment was little changed for the second consecutive month and the unemployment rate edged down 0.1 percentage points to 7.2%, as fewer people searched for work.
Friday June 22 2012
Canada's Inflation Down to 1.2% in May  
Consumer prices rose 1.2% in the 12 months to May, following a 2.0% increase in April. This 0.8 percentage point difference was mostly attributable to declines for gasoline prices. Decreases in clothing prices as well as slower price gains for the purchase of passenger vehicles were also factors.
Saturday June 09 2012
Canada's Unemployment Rate Unchanged in April  
Following two months of large gains, employment was unchanged in May, and the unemployment rate remained at 7.3%.
Saturday June 09 2012
Canada Reports Trade Deficit in April  
Canada's merchandise exports declined 1.2% in April, while imports edged up 0.1%. After five consecutive monthly surpluses, Canada posted a trade deficit of $367 million in April, down from a surplus of $152 million in March.
Wednesday June 06 2012
Bank of Canada Keeps Overnight Rate at 1%  
The Bank of Canada announced on June 5th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Friday June 01 2012
Canada's Economy Grows 0.5% in Q1  
Canada's real gross domestic product (GDP) rose 0.5% in the first quarter, the same pace as in the previous quarter. Business investment contributed the most to first-quarter GDP growth. Final domestic demand grew 0.3%. On a monthly basis, real GDP by industry edged up 0.1% in March.
Friday May 11 2012
Canada's Unemployment Rate Up to 7.3% in April  
Canada's employment increased by 58,000 in April, mostly in full-time work. This was the second consecutive month of notable gains after four months of little change. With more people searching for work, the unemployment rate increased by 0.1 percentage points to 7.3%.
Thursday May 10 2012
Canada's Trade Surplus Widens in March  
Canada's merchandise exports edged down 0.4% and imports decreased 0.6%. As a result, Canada's trade surplus increased from $273 million in February to $351 million in March.
Wednesday April 18 2012
Bank of Canada Keeps Overnight Rate at 1%  
The Bank of Canada announced on April 17th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Thursday April 12 2012
Canada's Trade Surplus Narrows in February  
Canada's merchandise exports declined 3.9% and imports edged up 0.2%. As a result, Canada's trade surplus decreased from $1.9 billion in January to $292 million in February.
Thursday April 05 2012
Canada's Unemployment Down to 7.2% in March  
Following four months of little change, employment increased by 82,000 in March, mostly in full-time work. This brought the unemployment rate down 0.2 percentage points to 7.2%.
Friday March 23 2012
Canada's Inflation Rate Up to 2.6% in February  
Led by increases in energy and food, consumer prices rose 2.6% in the 12 months to February after increasing 2.5% in January.
Friday March 09 2012
Canada's Trade Surplus Narrows in January  
Canada's merchandise exports declined 2.3% and imports edged down 0.6%. As a result, Canada's trade surplus narrowed from $2.9 billion in December 2011 to $2.1 billion in January 2012. This was the third consecutive monthly trade surplus.
Friday March 09 2012
Canada's Unemployment Rate Down to 7.4% in February  
A decline in the number of people searching for work pushed the unemployment rate down 0.2 percentage points to 7.4%. Compared with 12 months earlier, employment was up by 121,000 (+0.7%), with the bulk of the increase occurring in the first half of the period.
Thursday March 08 2012
Bank of Canada Keeps Overnight Rate Target at 1%  
The Bank of Canada announced on March 8th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Friday March 02 2012
Canada's Economy Expands 0.4% in Q4  
Real gross domestic product (GDP) rose 0.4% in the fourth quarter, after advancing 1.0% in the third quarter. Consumer spending and exports contributed the most to fourth-quarter GDP growth. Final domestic demand grew 0.5%.
Friday February 17 2012
Canada's Annual Inflation Rate Up to 2.5% in January  
Consumer prices rose 2.5% in the 12 months to January, led by increases for food and energy. The January rise followed a 2.3% increase in December.
Saturday February 11 2012
Canada's Trade Surplus Widens in December  
Canada's merchandise exports rose 4.5% and imports edged up 0.8%. As a result, Canada's trade surplus rose from $1.2 billion in November to $2.7 billion in December.
Friday February 03 2012
Canada's Unemployment Rate Up to 7.6% in January  
Canada's unemployment rate edged up 0.1 percentage points to 7.6% as more people searched for work. Compared with 12 months earlier, employment rose by 129,000 (+0.7%), with most of the growth occurring in the first six months of this period.
Friday January 20 2012
Canadian Inflation Down to 2.3% in December  
Consumer prices rose 2.3% in the 12 months to December, following a 2.9% increase in November. The 0.6 percentage point difference was led by a slower increase in gasoline prices as well as declines for the purchase of passenger vehicles. A slower year-over-year increase for food was also a factor.
Tuesday January 17 2012
Bank of Canada Keeps Rates Unchanged  
The Bank of Canada announced on January 17th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Friday January 13 2012
Canada Reports Trade Surplus in November  
Canada's merchandise exports increased 3.2%, while imports declined 0.8%. As a result, Canada's trade balance with the world went from a deficit of $487 million in October to a surplus of $1.1 billion in November.
Friday January 06 2012
Canada's Unemployment Rate Up to 7.5% in December  
Following two months of declines, employment rose slightly in December, up 18,000. The unemployment rate edged up to 7.5% as more people participated in the labour market. Over the past 12 months, employment growth totalled 1.2% (+199,000), with nearly all of the gains in the first half of the year.
Tuesday December 20 2011
Canada Inflation Rate Unchanged in November  
Consumer prices rose 2.9% in the 12 months to November, matching the increase in October. While the 12-month change in gasoline prices continued to ease, the year-over-year increase in food prices remained high.
Friday December 09 2011
Canada Reports Trade Deficit in October  
Canada's merchandise exports declined 3.0% and imports rose 1.9% in October. Consequently, Canada's trade balance with the world went from a surplus of $1.0 billion in September to a deficit of $885 million in October.
Tuesday December 06 2011
Bank of Canada Keeps Interest Rate at 1%  
The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Sunday December 04 2011
Canada's Unemployment Rate Raises to 7.4% In November  
Following a notable decrease the previous month, employment edged down 19,000 in November, and the unemployment rate rose by 0.1 percentage points to 7.4%. Despite the recent declines, employment was up 1.2% (+212,000) from 12 months earlier.
Wednesday November 30 2011
Canada's GDP Expands 0.9% in Q3  
Canada's real gross domestic product (GDP) advanced 0.9% in the third quarter, after declining 0.1% in the second quarter. Increased demand for exports led third quarter GDP growth. On a monthly basis, real GDP by industry increased 0.2% in September
Friday November 18 2011
Canada's Inflation Down to 2.9% in October  
Canada's consumer prices rose 2.9% in the 12 months to October, led by higher prices for gasoline and food. This follows a 3.2% increase in September.
Thursday November 10 2011
Canada Reports Trade Surplus in September  
Canada's merchandise exports grew 4.2% in September, while imports declined 0.3%. As a result, Canada's trade balance with the world went from a deficit of $487 million in August to a surplus of $1.2 billion in September. It was the first trade surplus since January 2011.
Friday November 04 2011
Canada's Unemployment Rate Up to 7.3% in October  
Following an increase in September, employment declined by 54,000 in October, all in full time. October's loss pushed the unemployment rate up 0.2 percentage points to 7.3%. Over the last year, total employment has risen by 237,000 (+1.4%).
Tuesday October 25 2011
Bank of Canada Keeps Interest Rate at 1%  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Friday October 21 2011
Canada's Inflation Rate at 3.2% in September  
Canada's consumer prices rose 3.2% in the 12 months to September, led by higher prices for gasoline and food. This follows a 3.1% increase posted in August.
Thursday October 13 2011
Canada Trade Deficit Widens in August  
Canada's merchandise imports grew 0.7% and exports increased 0.5% in August. As a result, Canada's trade deficit with the world went from $539 million in July to $622 million in August.
Friday October 07 2011
Canada's Unemployment Rate Falls to 7.1% in September  
Following two months of little change, Canada's employment rose by 61,000 in September, all in full time. This increase pushed the unemployment rate down 0.2 percentage points to 7.1%, the lowest rate since December 2008.
Wednesday September 21 2011
Canada's Inflation Rises to 3.1% in August  
The Consumer Price Index (CPI) rose 3.1% in the 12 months to August, mainly as a result of higher prices for gasoline and food purchased from stores. This follows increases of 2.7% in July and 3.1% in June. On a seasonally adjusted monthly basis, consumer prices rose 0.3% in August.
Friday September 09 2011
Canada's Unemployment Rate up to 7.3% in August  
Canada's employment was little changed for the second consecutive month in August and the unemployment rate edged up 0.1 percentage points to 7.3%.
Thursday September 08 2011
Canada's Trade Deficit Narrows in July  
Canada's merchandise exports rose 2.2% and imports edged up 0.5% in July. As a result, Canada's trade deficit with the world narrowed from $1.4 billion in June to $753 million in July.
Wednesday September 07 2011
Bank of Canada Maintains Overnight Rate Target at 1%  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Wednesday August 31 2011
Canadian Economy Growth Slows In Q2  
Canada's real gross domestic product (GDP) declined 0.1% in the second quarter, following a 0.9% increase the previous quarter. The decline in the second quarter was largely a result of a 2.1% drop in exports. Final domestic demand rose 0.7%. On a monthly basis, real GDP by industry increased 0.2% in June.
Friday August 19 2011
Canada's Inflation Rate Eases in July  
Canada's consumer prices rose 2.7% in the 12 months to July, primarily the result of higher prices for gasoline and food purchased from stores. This follows a 3.1% increase in June and a 3.7% advance in May.
Thursday August 11 2011
Canada's Trade Deficit Widens in June  
Canada's merchandise exports fell 1.7% in June while imports decreased 0.2%. As a result, Canada's trade deficit with the world widened from $1.0 billion in May to $1.6 billion in June.
Friday August 05 2011
Canada's Unemployment Rate Declines to 7.2% in July  
The unemployment rate declined by 0.2 percentage points to 7.2%, as fewer people participated in the labour market. Following three consecutive months of increases, employment was little changed in July.
Friday July 22 2011
Canada's Inflation Rate Slows in June  
Canada's consumer prices rose 3.1% in the 12 months to June, primarily the result of higher prices for gasoline and food purchased from stores. This follows a 3.7% increase posted in May.
Tuesday July 19 2011
Bank of Canada Keeps Rates Unchanged  
The Bank of Canada announced on July 19 that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Tuesday July 12 2011
Canada's Trade Deficit Narrows in May  
Canada's merchandise exports increased 1.2% in May while imports rose 1.1%. As a result, Canada's trade deficit with the world narrowed from $857 million in April to $814 million in May.
Friday July 08 2011
Canada's Unemployment Rate Unchanged in June  
Canada's unemployment rate was unchanged at 7.4% as the number of people participating in the labour market increased. Employment rose for the third consecutive month, up 28,000 in June. Over the past 12 months, employment has grown by 238,000 (+1.4%).
Wednesday June 29 2011
Canada's Inflation Rises 3.3% in May  
Canada's consumer prices rose 3.7% in the 12 months to May, the largest increase since March 2003. This follows a 3.3% increase posted in April. The increase in May was primarily a result of higher gasoline prices.
Friday June 10 2011
Canadian Unemployment Falls to 7.4% in May  
Canadian employment rose by 22,000 in May, bringing gains over the previous 12 months to 273,000 (+1.6%). The employment increase in May, combined with a decline in the number of people looking for work, pushed the unemployment rate down 0.2 percentage points to 7.4%.
Thursday June 09 2011
Canada's Trade Deficit Widens in April  
Canada's merchandise exports decreased 1.9% in April, following a 4.8% gain in March. Imports also declined, falling 0.6%. As a result, Canada's trade deficit with the world widened from $417 million in March to $924 million in April.
Tuesday May 31 2011
Bank of Canada Keeps Interest Rate Unchanged  
The Bank of Canada announced on May 30 that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Monday May 30 2011
Canada's GDP Rises 1% in Q1  
Real gross domestic product (GDP) advanced 1.0% in the first quarter, following a 0.8% increase in the previous quarter. Final domestic demand rose 0.6%. On a monthly basis, real GDP by industry increased 0.3% in March.
Friday May 20 2011
Canada April Inflation at 3.3%  
Canadian consumer prices rose 3.3% in the 12 months to April, matching the increase recorded in March. On a seasonally adjusted monthly basis, consumer prices rose 0.3% in April.
Wednesday May 11 2011
Canada's Trade Surplus Widens in March  
Canada's merchandise exports and imports both rose in March, as most sectors recorded gains. Exports increased 3.5% and imports grew 2.8%. As a result, Canada's trade surplus increased from $356 million in February to $627 million in March.
Saturday May 07 2011
Canada's Unemployment Rate Drops to 7.6% in April  
Following two months of little change, Canada's employment rose by 58,000 in April, mainly in part time. The unemployment rate edged down 0.1 percentage points to 7.6%. Compared with April 2010, employment has grown by 283,000 (+1.7%).
Tuesday April 19 2011
Canadian Inflation Accelerates to 3.3% in March  
Canada's consumer prices rose 3.3% in the 12 months to March, the largest year-over-year increase since September 2008. This advance follows a 2.2% increase in the 12 months to February.
Tuesday April 12 2011
Bank of Canada Keeps Interest Rate at 1%  
The Bank of Canada announced on April 12 that it is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75% per cent.
Tuesday April 12 2011
Canada's Trade Surplus Narrows in February  
Canada's merchandise exports and imports fell in February, led by lower volumes of automotive products and energy products.
Friday April 08 2011
Unemployment Rate in Canada Decreases to 7.7%  
Canada's unemployment rate edged down 0.1 percentage points to 7.7% in March. Over the past 12 months, employment has risen by 1.8% (+305,000).
Friday March 18 2011
Canada's Inflation Rises 2.2% in February  
Canada's inflation rate rose 2.2% in the 12 months to February, following the 2.3% increase posted in January.
Thursday March 10 2011
Canada's Exports Increase in January  
Canada's exports advanced in January for a fourth consecutive month, led by higher volumes of automotive products.
Tuesday March 01 2011
Bank of Canada Leaves Interest Rate Unchanged  
The Bank of Canada announced on March 1 that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Monday February 28 2011
Canadian Economy Expands 0.8% in Q4  
Canada's real gross domestic product (GDP) rose 0.8% in the fourth quarter, led by exports, following a 0.4% gain in the previous quarter. Final domestic demand advanced 1.2%. On a monthly basis, real GDP by industry increased 0.5% in December.
Friday February 18 2011
Canada's Inflation Rate Slows to 2.3% in January  
Canada's inflation rose 2.3% in the 12 months to January 2011, following the 2.4% increase posted in December 2010.
Friday February 11 2011
Canada's Exports Rises in December  
Canada's merchandise exports rose 9.7% to $37.8 billion in December, led by a 16.5% gain in volumes of energy products. Export volumes, up 6.6%, increased in most sectors. Prices rose 2.9%. Both volumes and prices have risen in 8 of the past 12 months.
Friday February 04 2011
Canadian Unemployment Rate Rises to 7.8% in January  
Canadian unemployment rate increased by 0.2 percentage points to 7.8%, as more people searched for work. At the same time, employment rose for the second consecutive month in January, with a gain of 69,000. Compared with January 2010, employment was up 1.9% (+327,000).
Tuesday January 25 2011
Canadian Inflation Rises to 2.4% in December  
Canadian inflation rose 2.4% in the 12 months to December, following the 2.0% increase posted in November. The 0.4 percentage point gain was mainly a result of higher gasoline prices.
Tuesday January 18 2011
Bank of Canada Maintains Interest Rate at 1%  
The Bank of Canada announced on January 18, that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Thursday January 13 2011
Canada's Trade Deficit Narrows in November  
Canada's trade deficit with the world narrowed to $81 million in November from $1.5 billion in October.
Sunday January 09 2011
Unemployment Rate in Canada Held Steady in December  
Employment edged up for the second consecutive month in December, with an increase of 22,000. The unemployment rate held steady at 7.6%. Compared with December 2009, employment increased by 2.2% (+369,000), following a decline of 1.1% the previous year.
Tuesday December 21 2010
Canada's Inflation Drops in November  
Consumer prices rose 2.0% in the 12 months to November, following a 2.4% increase in October. The 0.4 percentage point decrease can be largely attributed to a slowdown in the growth rate of energy and food prices, and a decline in clothing prices.
Friday December 10 2010
Canada's Exports Rise in October  
Canada's merchandise exports rose 3.1% to $33.8 billion in October, on the strength of industrial goods and materials, as exports of precious metals and copper ores reached record highs. Excluding industrial goods and materials, exports declined 0.2%.
Tuesday December 07 2010
Bank of Canada Maintains Overnight Rate at 1 Percent  
The Bank of Canada today announced on December 12 that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1.25 percent and the deposit rate is 0.75 percent.
Sunday December 05 2010
Canada's Unemployment Rate Drops To 7.6%  
Canada's unemployment rate dropped in November to its lowest level in almost two years, as the economy generated 15,200 jobs, official data revealed Friday morning.
Thursday December 02 2010
Canada's GDP grows 0.3% in Q3  
Real gross domestic product (GDP) rose 0.3% in the third quarter, following a 0.6% gain in the previous quarter. Final domestic demand grew 0.9%, as business investment in plant and equipment advanced. On a monthly basis, real GDP by industry declined 0.1% in September.
Tuesday November 23 2010
Canada Inflation at 2-year High  
Canada's annual inflation rate unexpectedly jumped to a two-year high of 2.4 percent in October, but analysts differed on whether the data would prompt the Bank of Canada to raise interest rates sooner than expected.
Thursday November 11 2010
Canada's Trade Deficit Unexpectedly Widens  
Canada's trade deficit widened more than expected in September to the second-highest level on record, as import prices rose amid declining exports.
Monday November 08 2010
Canada's Unemployment Rate Drops in October  
In October, employment remained virtually unchanged for the second consecutive month, as full-time gains offset part-time losses. The unemployment rate edged down to 7.9% and has been around 8% for the past seven months.
Sunday October 31 2010
Canada's GDP rises 0.3% in August  
Canada's economy rose 0.3 per cent in August following a 0.1 per cent drop in July, helped by oil and gas extraction, wholesale trade and manufacturing.
Friday October 22 2010
Canada Inflation Rate Rises to 1.9%  
Canada's consumer price index rose 1.9 percent, after a 1.7 percent gain in August. The core rate that excludes eight volatile items such as gasoline slowed to 1.5 percent from 1.6 percent, the slowest pace since December.
Saturday October 02 2010
Canadian GDP Declines for First Time since August 2009  
The Canadian economy receded in July for the first time in nearly a year, according to a Statistics Canada report published on September 30.
Wednesday September 22 2010
Canada's Inflation Drops in August  
Canada's inflation was softer than expected in August, leading analysts to suggest that the Bank of Canada may hold interest rates steady in the coming months.
Tuesday September 14 2010
Canada's Trade Deficit Widens in July  
Canada's trade deficit rose to 2.7 billion dollars (2.6 billion US) -- more than three times the level expected by analysts of 800 million dollars, following an upwardly revised deficit of 1.8 billion dollars in June.
Monday September 13 2010
Canada's Unemployment Rate Rises to 8.1%  
Canada's economy created 35,800 new jobs in August, yet the unemployment rate remains over eight per cent.
Thursday September 09 2010
Bank of Canada Increases Interest Rate  
The Bank of Canada announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Sunday September 05 2010
Canadian Growth Slowed in Second Quarter  
The Canadian economy in the second quarter expanded at less than half the pace set in the first three months of the year, undercutting economists’ expectations and raising questions about whether the country’s central bank will tighten interest rates next week.
Friday August 20 2010
Canada's Inflation Rises in July  
Consumer prices rose 1.8% in the 12 months to July, following a 1.0% increase in June. In July, consumer prices were affected by changes in consumption taxes in Nova Scotia, Ontario, and British Columbia.
Wednesday August 11 2010
Canada Trade Deficit Rises in June  
Canada posted a trade deficit in June that was more than three times expectations, dragged down by exports of industrial goods and materials.
Friday August 06 2010
Canada Unexpectedly Lost Jobs in July  
Canada unexpectedly lost jobs in July and the country’s unemployment rate increased because of a drop in full-time jobs at schools and in the finance industry.
Monday August 02 2010
Canada Economy Rises 0.1% in May  
Canada’s gross domestic product expanded in May after stalling the month before, with mining and oil leading increased goods production, while wholesale and real estate activity declined.
Friday July 23 2010
Canada June Inflation Rate Slows to 1%  
Canada’s annual inflation rate slowed in June as gasoline prices fell for the first time since October 2009 while the costs of home upkeep and car insurance advanced.
Tuesday July 20 2010
Canada Raises Key Rate to 0.75%  
The Bank of Canada raised its benchmark lending rate for a second month, and said that slower economic growth through next year means any future moves will be “weighed carefully.”
Tuesday July 13 2010
Canada Records Third Straight Trade Deficit in May  
Canada reported a third straight merchandise trade deficit in May, as imports of machinery and equipment outpaced gains in exports, government figures showed.
Friday July 09 2010
Canada Jobless Rate Falls to 7.9%  
Canada’s job creation was almost five times more than economists expected in June, restoring most of the country’s job losses since 2008 and bolstering the case for the central bank to raise interest rates for a second month.
Wednesday June 30 2010
Canada's Economy Stalls in April  
Canada’s gross domestic product unexpectedly stalled in April after seven previous gains, as retailing and manufacturing declined while mining and wholesaling advanced.
Tuesday June 22 2010
Canada's Inflation Slows to 1.4% in May  
Canada’s annual inflation rate slowed in May because of a moderation in gasoline costs and lower prices for clothing.
Thursday June 10 2010
Canada Records Trade Surplus in April  
Canada's trade deficit turned into a surplus of 175 million Canadian dollars (169 million US) in April as imports fell faster than exports.
Friday June 04 2010
Canada Adds 24,700 Jobs in May  
Canada’s economy added more jobs than economists expected in May, the fifth straight monthly gain, because of increased hiring in the transportation and health care industries.
Tuesday June 01 2010
Canada Raises Interest Rate  
The Bank of Canada raised its key interest rate from a record low today, the first Group of Seven country to do so since last year’s global recession, and said further moves will be “weighed carefully” against future growth in Canada and elsewhere.
Monday May 31 2010
Canada's Economy Grows 1.5% in Q1  
Canada's real gross domestic product (GDP) increased 1.5% in the first quarter of 2010, after growing 1.2% in the fourth quarter of 2009
Wednesday May 26 2010
Canada’s House Prices Increase 11.6% in March  
The Canadian National Composite House Price Index?published by Teranet and National Bank of Canada?displayed an increase of 11.6% in March from last year to reach 133.47; the increase resembles a 1% rise since beginning of 2010.
Friday May 21 2010
Canada Inflation Accelerates  
Canada’s annual inflation rate accelerated in April, led by car and gasoline prices, giving the central bank more scope to begin raising interest rates as soon as next month.
Wednesday May 12 2010
Canada's March Trade Surplus Narrows  
Canada’s merchandise trade surplus unexpectedly narrowed in March, as prices for energy exports fell and industrial goods imports, including precious metals, rose the fastest since 1992.
Saturday May 08 2010
Canada Posts Historic Gain in Jobs in April  
A record number of Canadians returned to work in April, adding pressure on the Bank of Canada to raise interest rates in June, ahead of other major industrialized countries.
Friday April 30 2010
Canada's Economy Grew 0.3% in February  
Canada’s economy expanded for a sixth consecutive month in February, led by manufacturing and spending related to the Vancouver Winter Olympics.
Friday April 23 2010
Canada's Inflation Slowed in March to 1.4%  
Canada’s annual inflation rate unexpectedly slowed in March to 1.4 percent from 1.6 percent the previous month, as clothing and mortgage interest expenses declined while gasoline costs rose.
Tuesday April 20 2010
Bank of Canada Removes Commitment to Low Rates  
The Bank of Canada said it would keep its overnight deposit rate at 0.25%. It also removed a commitment made at recent meetings to keep interest rates at current levels through the second quarter of this year.
Tuesday April 13 2010
Canada Records Fifth Straight Trade Surplus  
Canada posted a fifth straight trade surplus in February, the longest series since November 2008 and another sign of a growing economic recovery.
Friday April 09 2010
Canada Employment Rose by 17,900  
Canada added 17,900 jobs in March, fewer than economists predicted, as construction and natural resources companies hired while the service industry shrank.
Wednesday March 31 2010
Canada Economy Expanded 0.6% in January  
Canada’s economy expanded at the fastest pace in three years in January, led by manufacturing, wholesaling and construction, adding to evidence that the country is recovering more quickly than policy makers expected.
Friday March 19 2010
Canada Core Inflation Rate Unexpectedly Accelerates  
Canada’s core inflation rate unexpectedly accelerated in February on higher costs for automobile insurance and accommodation during the Vancouver Winter Olympics.
Friday March 12 2010
Canada Job Growth Beats Forecasts  
Canada created more jobs than expected in February and the jobless rate fell to a 10-month low, cementing Prime Minister Stephen Harper’s view that the country’s economic recovery is under way.
Thursday March 11 2010
Canada’s January Trade Surplus Widens  
Canada posted a wider-than-expected trade surplus in January as exports rose and imports fell, while companies’ use of their production capacity increased in the fourth quarter.
Tuesday March 02 2010
Canada Keeps Lending Rate at 0.25%  
The Bank of Canada kept its benchmark interest rate at a record low today, and said that inflation and economic output have been higher than policy makers expected, signaling rate increases in coming months.
Monday March 01 2010
Canada Fourth-Quarter Growth Is Fastest Since 2000  
Canada’s economy expanded at a 5 percent annualized rate in the fourth quarter, faster than predicted by the Bank of Canada, raising pressure on policy makers to increase interest rates later this year.
Thursday February 18 2010
Canada Inflation Quickens  
Canada’s consumer prices rose in January at the fastest pace in more than a year, bringing the inflation rate closer to the central bank’s target, boosted by higher automobile ownership costs.
Wednesday February 10 2010
Canada Posts First Annual Trade Deficit in 34 Years  
Canada recorded its first annual trade deficit in 34 years last year amid a global recession and a "calamitous drop" in commodity prices.
Friday February 05 2010
Canada Gained Jobs in January  
Canada gained more jobs than expected in January, led by part-time positions for youth, pushing the unemployment rate down. Employment rose by 43,000 last month, and the unemployment rate fell to 8.3 percent.
Friday January 29 2010
Canada Economy Expands 0.4%  
Real gross domestic product advanced 0.4% in November, a third consecutive monthly increase. As was the case in September and October, most major industrial sectors increased their production.
Wednesday January 20 2010
Canada Inflation Hits 10-month High  
Higher gasoline prices pushed Canada's annual inflation rate to a 10-month high in December, but the data is unlikely to knock the Bank of Canada off track in its pledge to hold interest rates steady for some time.
Tuesday January 19 2010
Bank of Canada Holds Rate Low  
Bank of Canada maintains overnight rate target at 0.25% and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010.
Saturday January 16 2010
Canada Slips Back Into Trade Deficit in November  
Canada's trade balance unexpectedly slipped back into deficit in November as strong imports, led by vehicles from the United States, outweighed export gains from rising oil prices.
Friday January 08 2010
Canada Jobs Unexpectedly Fall  
Canada unexpectedly lost jobs in December, led by transportation and public administration, keeping the jobless rate close to the highest in more than a decade.
Wednesday December 23 2009
Canada's Economy Grew 0.2% in October  
Canada’s economy grew 0.2 percent in October, less than economists expected, as gains in real estate services and utilities offset a drop in mining output.
Thursday December 17 2009
Canada Inflation Quickens  
Canadian consumer prices rose at their fastest pace in eight months in November because of higher gasoline costs, the national statistics agency said.
Thursday December 10 2009
Canada Unexpectedly Swings to Trade Surplus  
Canada posted its first trade surplus in four months in October on rising shipments and higher prices for the nation’s gold and energy.
Tuesday December 08 2009
Canada Keeps Rate at 0.25%  
Bank of Canada maintains overnight rate target at 0.25% and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010.
Friday December 04 2009
Canada Added 79,100 Jobs  
Canadian employers added more than five times as many jobs as expected in November, led by education, manufacturing and finance, a sign of an accelerating economic recovery.
Monday November 30 2009
Canada Economy Grew 0.4% in Q3  
Canada’s economy grew for the first time in four quarters in the July-through-September period, signaling the country’s first recession since 1992 has ended.
Wednesday November 18 2009
Canada Inflation Rises for First Time in Five Months  
Canadian consumer prices posted their first annual increase in five months, ending the longest streak of declines since 1953, Statistics Canada said.
Friday November 13 2009
Canada's Trade Deficit Narrows in September  
Canada’s trade deficit narrowed in September to its lowest level in three months on rising exports of automobiles and metals.
Friday November 06 2009
Canada Cuts 43,200 Jobs in October  
Canadian employers unexpectedly fired workers in October and the unemployment rate rose more than expected, suggesting the U.S.’s largest trading partner hasn’t fully recovered from the recession that began last year.
Friday October 30 2009
Canada's Economy Shrank 0.1% in August  
Canada’s economy unexpectedly shrank in August, suggesting the economy may not have exited a recession in the third quarter after output was little changed in July.
Tuesday October 20 2009
Bank of Canada Keeps Rate Unchanged  
Bank of Canada maintains overnight rate target at 0.25% and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010.
Friday October 09 2009
Canada Posts Record Trade Deficit  
Canada posted a record trade deficit in August on plunging exports of aircraft, telecommunications equipment and automotive products.
Friday October 09 2009
Canada Adds 30,600 Jobs  
Canadian employers added jobs for the second straight month in September, and the unemployment rate unexpectedly fell, adding to evidence the U.S.’s largest trading partner is emerging from its recession.
Wednesday September 30 2009
Canada's Economy Stalls in July  
Canada’s economy unexpectedly stalled in July as vehicle-related gains by manufacturers and wholesalers were offset by lower utilities and mining output.
Thursday September 17 2009
Canada Inflation Falls More Than Expected  
Canada’s consumer prices fell more than economists expected last month, almost matching the biggest decline in half a century, as gasoline costs plunged.
Thursday September 10 2009
Canada Records Trade Deficit in July  
In Canada, imports and exports both increased in July as a result of broad-based growth in volumes. Imports were up 8.3% to $31.7 billion while exports grew 3.3% to $30.3 billion. As a result, Canada registered a trade deficit of $1.4 billion in July compared with a trade surplus of $37 million in June.
Thursday September 10 2009
Bank of Canada Keeps Rate Unchanged  
The Bank of Canada kept its target for the overnight rate at 0.25% and repeated its commitment to keep it there until the end of the second quarter of 2010, conditional on the outlook for inflation.
Friday September 04 2009
Canada Posts First Job Gain in Four Months  
Canada recorded a surprise job gain in August, the first in four months, suggesting the country is emerging from its first recession since 1992.
Thursday September 03 2009
Is the Canadian Economy Recovering?  
The Canadian GDP reading for June showed a 0.1% expansion, the first positive number in 10 months. But will Canada be one of the first developed economies coming out of this recession?
Monday August 31 2009
Canada Economy Shrinks 3.4%  
Canada’s economy shrank faster than expected in the April-to-June period as the country’s first recession since 1991 is proving deeper than thought, even as growth in June indicates the contraction is nearing an end.
Wednesday August 19 2009
Canada Inflation Fall Most Since 1953  
Canada’s consumer prices last month fell the most since 1953 on an annual basis, giving the Bank of Canada scope to honor its commitment to keep the benchmark lending rate unchanged at a record low.
Wednesday August 12 2009
Canada Trade Deficit Narrows  
Canada’s trade deficit narrowed more than economists predicted in June from the previous month’s record, as U.S. demand for crude oil boosted exports.
Friday August 07 2009
Canada July Jobs Loss Triple Economists’ Forecasts  
Canada lost three times as many jobs as economists expected last month, led by construction and tourism-related businesses, signaling the country’s recovery from a recession may be slow.
Friday July 31 2009
Canada Economy Shrank 0.5% in May  
Canada’s economy contracted for a 10th month in May because of falling manufacturing output, and declines in the mining and energy industries.
Tuesday July 21 2009
Bank of Canada Keeps Rate Unchanged  
Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010
Friday July 17 2009
Canada Consumer Prices Fall  
Canadian consumer prices posted an annual decrease last month for the first time since 1994 on gasoline prices, giving the Bank of Canada scope to maintain interest rates at record lows.
Friday July 10 2009
Canadian Economy May Recover in 2010  
Canada’s economy contracted for a ninth month in April. And although during the next few months economic output may still decline, at Trading Economics we think that Canadian economy may get out of the crisis faster than expected.
Friday July 10 2009
Canada Has Record C$1.42 Billion Trade Deficit  
Canada’s trade deficit widened more than economists predicted to a record in May, when the country’s dollar appreciated at a record pace, as exports fell twice as fast as imports.
Friday July 10 2009
Canada Pares Fewer Jobs Than Expected  
Canada lost fewer jobs than economists expected in June, as gains in finance and real estate offset some of the losses at factories, retailers and wholesalers. The unemployment rate rose to an 11-year high.
Tuesday June 30 2009
Canada's Economy Shrinks 0.1% in April  
Canada’s economy contracted for a ninth month in April because of falling output in the retail, manufacturing and energy industries.
Thursday June 18 2009
Canada Inflation Unexpected Rise in May  
Canadian consumer prices posted an unexpected annual increase last month on higher costs for food and household expenses such as child care, easing pressure on the Bank of Canada to add additional stimulus to the economy.
Thursday June 11 2009
Canadian Economy May Recover in 2010  
In the first three months of 2009, Canada posted a 5.4% annualized drop in real GDP, the worst in almost 20 years. And although this quarter’s economic output may still decline, at Trading Economics we think that Canadian economy may get out of the crisis faster than expected.
Wednesday June 10 2009
Canada Posted Unexpected Trade Deficit in April  
Canada posted an unexpected trade deficit in April as exports fell the most in three months amid waning demand for the country’s commodities and industrial goods.
Friday June 05 2009
Canada Jobless Rate Hits 11-Year High  
Canada’s economy cut jobs for the sixth time in seven months in May and recorded the highest unemployment rate in 11 years as factories continued to fire workers amid the first recession since 1992.
Thursday June 04 2009
Bank of Canada Keeps Rates Unchanged  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.
Monday June 01 2009
Canada's Economy Shrinks  
Canada’s economy contracted at its fastest pace since 1991 in the first quarter, as the country’s businesses scaled back spending amid a slump in demand.
Tuesday May 26 2009
Canadian Economy May Recover Faster Than Expected  
Canadian gross domestic product fell 0.1 percent in February, after declining 0.7% in January. And although this quarter’s economic output may be headed for its biggest quarterly decline since 1961 at Trading Economics we think that Canadian economy may get out of the crisis faster than expected.
Wednesday May 20 2009
Canadian Inflation Rate Drops to Lowest Since 1994  
Canada’s annual inflation rate fell to the lowest in more than fourteen years in April on falling energy prices, giving the Bank of Canada more scope to keep interest rates at record lows.
Tuesday May 12 2009
Canada Posts Larger Trade Surplus Than Expected  
Canada's merchandise imports and exports both declined in March, largely due to volume reductions. Imports decreased more than twice as fast as exports, leading to the widening of Canada's trade surplus with the world from $262 million in February to $1.1 billion in March.
Friday May 08 2009
Canada’s Self-Employed Lead to Unexpected Job Gain  
Canada’s economy created new jobs for the first time in six months and the country’s unemployment rate remained unchanged in April, as workers facing the first recession since 1992 created new positions for themselves.
Thursday April 30 2009
Canada's GDP Falls  
Canada's gross domestic product fell for the seventh month in a row, down 0.1% in February, driven lower by declines in mining and construction activities.
Tuesday April 21 2009
Bank of Canada Lowers Rates to 0.25%  
Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent and, conditional on the inflation outlook, commits to hold current policy rate until the end of the second quarter of 2010.
Sunday April 19 2009
Canadian March Inflation Slows Unexpectedly  
Canadian annual inflation unexpectedly slowed in March on falling gasoline and car prices, which may add to expectations the Bank of Canada will adopt extraordinary policies to boost growth.
Thursday April 09 2009
Canada Posts Trade Surplus in February  
Canada unexpectedly posted a trade surplus in February as a rebound in car and aircraft shipments led to the biggest exports gain in more than a year.
Thursday April 09 2009
Canada’s Jobless Rate Rose to Highest in Seven Years  
Canada’s jobless rate rose to the highest in seven years in March as employers fired workers for a fifth month, adding to evidence the country’s recession is worsening.
Wednesday April 01 2009
Canadian Economy May Get Out Of the Crisis Faster Than Expected  
In January, Canadian gross domestic product fell 0.7 percent, a third consecutive month. What is behind this unprecedented slump? What can be done to soften the slowdown?
Tuesday March 31 2009
Canada Economy Dropped in January for Sixth Month  
Canada’s economy contracted in January for a sixth straight month because of slumping automobile production and falling construction activity.
Thursday March 19 2009
Canada Inflation Unexpectedly Accelerates  
Canadian annual inflation unexpectedly accelerated in February as gasoline prices rose during the month.
Friday March 13 2009
Canada's Trade Deficit Widens  
Canada's trade deficit widened to $993 million in January 2009 from $652 million in December 2008, as both exports and imports fell, led by a sharp decline in automotive products trade. Overall exports fell 9.0% to $31.7 billion while imports fell 7.9% to $32.7 billion.
Friday March 13 2009
Canada Unemployment Highest Since 2003  
Canada lost more jobs than expected in February, led by construction, pushing the unemployment rate to the highest since 2003.
Tuesday March 03 2009
Canadian Economy May Get Out Of the Crisis Faster Than Expected (Update)  
In the fourth quarter of 2008 Canadian gross domestic product fell at a 3.4 percent annualized rate, the fastest pace since 1991. What is behind this unprecedented slump? What can be done to soften the slowdown?
Tuesday March 03 2009
Canada Lowers Rates to 0.5%  
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3/4 per cent.
Monday March 02 2009
Canada's Economy Shrinks at 3.4 Percent Pace  
Canada's economy contracted at the fastest pace since 1991 in the fourth quarter, adding pressure on policy makers to cut the country's benchmark lending rate to a record low tomorrow.
Friday February 20 2009
Canada Inflation Fall for Fourth Month  
Canadian consumer prices fell a fourth consecutive month in January, led by reduced costs for natural gas and motor vehicles.
Wednesday February 11 2009
Canada Has First Trade Deficit Since 1976  
Canada unexpectedly recorded its first monthly trade deficit in more than three decades in December as demand for the country’s commodities tumbled.
Friday February 06 2009
Canada's Employers Cut 129,000 Jobs in January  
Canadian employers shed a record number of jobs in January, pushing the jobless rate to a 4-year high of 7.2 percent, as the country continues to suffer the effects of the global recession.
Monday February 02 2009
Canadian Economy May Get Out of The Crisis Faster Than Expected  
In November, Canada's gross domestic product fell to 0.7 percent, its second straight decline and the biggest drop since August 2003.
Sunday February 01 2009
Canada's Economy Shrinks Most Since 2003  
Canada's economy contracted in November by the most since the 2003 power outage, led by slumping production in the manufacturing and construction industries.
Friday January 23 2009
Canada Consumer Prices Fell  
Canadian consumer prices fell a third consecutive month for the first time since 2005 in December, as energy prices plunged.
Tuesday January 20 2009
Canada Cuts Rate to 1%  
The Bank of Canada slashed its key interest rate to the lowest since the institution was founded in 1934 and signaled that more cuts may be needed to jolt the economy out of recession and stabilize credit markets.
Tuesday January 13 2009
Canada Trade Deficit Expended  
Canada's trade balance with the world fell to $1.3 billion in November from a revised $2.3 billion in October.
Friday January 09 2009
Canada’s Jobless Rate Rises to 3-Year High  
Canadian employment fell by almost twice as much as expected in December, led by construction, more evidence that the world’s eighth-biggest economy is suffering from the effects of a global recession.
Monday December 29 2008
Canada’s Economy Shrank  
Canada’s economy contracted a less- than-anticipated 0.1 percent in October as wholesalers processed fewer shipments of automobiles and factory production dropped.
Friday December 19 2008
Canada's Core Inflation Unexpectedly Accelerates  
Canada's annual inflation excluding energy and other volatile items unexpectedly accelerated in November on a jump in food prices, potentially making it harder for the Bank of Canada to keep cutting interest rates.
Thursday December 11 2008
Canadian Trade Surplus Narrows  
Canada’s trade surplus narrowed for a second month in October as a weaker dollar boosted the cost of imports and more than offset a gain in exports of machinery.
Tuesday December 09 2008
Bank of Canada Cuts Rate to 1.5%  
The Bank of Canada lowered its benchmark interest rate by more than anticipated to a half- century low and signaled more action may be needed as economic growth sputters amid a “broader and deeper” global slump.
Friday December 05 2008
Canada Lost 70,600 Jobs  
Canadian employment fell by the most since 1982 in November, led by manufacturing, a sign the world’s eighth-largest economy is falling victim to a global recession.
Monday December 01 2008
Canadian Economy Grew at 1.3%  
Real gross domestic product (GDP) increased 0.3% in the third quarter, after remaining essentially flat over the first half of the year. The Canadian economy grew at an annualized rate of 1.3% in the third quarter.
Friday November 21 2008
Canada Inflation Slows  
Canada's annual inflation rate slowed more than expected in October as gasoline posted a smaller gain than in previous months, validating the central bank's view that price growth has peaked.
Thursday November 13 2008
Canada Trade Surplus Narrows  
Canada's trade surplus narrowed more than anticipated in September, as imports increased while prices for energy and metal exports fell.
Friday November 07 2008
Canada Unexpectedly Added Jobs  
Canadian employers unexpectedly added jobs in October as the federal government hired workers to run last month's election while most industries posted declines.
Friday October 31 2008
Canada's Economy Shrank 0.3% in August  
Canada's economy contracted 0.3 percent in August as wholesalers processed fewer shipments of automobiles and factory production dropped.
Saturday October 25 2008
Canada Annual Inflation Stays Close to 5-Year High  
Canada's annual inflation rate remained close to the highest in five years in September as gasoline prices kept surging and food prices rose.
Tuesday October 21 2008
Bank of Canada Lowers Interest Rate by 25bp  
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent.
Friday October 10 2008
Canada's Trade Surplus Increases in August  
Canada's trade surplus with the world increased to $5.8 billion in August from $4.2 billion in July as imports of energy and automotive products declines.
Friday October 10 2008
Canada Has Biggest Job Increase in at Least 30 Years  
Canada recorded its biggest one-month employment gain in at least 30 years as voters get ready for the Oct. 14 election, adding more than 10 times as many jobs as expected in September.
Wednesday October 08 2008
Bank of Canada Lowers Rate in Coordinated Banks Move  
The Bank of Canada today announced that it is lowering its target for the overnight rate by 1/2 percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 3/4 per cent.
Tuesday September 30 2008
Canada's Economy Grew 0.7% in July  
Canada's economy expanded at its fastest pace in more than four years in July, as production of crude oil and manufactured goods surged.
Tuesday September 23 2008
Canada Inflation Rises  
Canada's annual inflation rate rose to the highest since March 2003 in August as prices for gasoline and food surged.
Friday September 12 2008
Canada Trade Surplus Narrows  
Canada's trade surplus narrowed more than economists expected in July, as imports of new cars and materials to build pipelines outstripped export gains.
Friday September 05 2008
Canada Economy Adds 15,200 Jobs  
Canada's economy gained more jobs than anticipated in August, led by education and construction.
Wednesday September 03 2008
Bank of Canada Keeps Rate at 3 per cent  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent.
Friday August 29 2008
Canada's Dollar Falls  
Canada's dollar fell for a second day after a government report showed economic growth in the world's eighth-largest economy was less than forecast.
Friday August 29 2008
Canada's Economic Growth Slows  
Canada's economy grew less than economists predicted in the second quarter and shrank more in the first three months of the year than initially estimated, possibly giving the Bank of Canada more reason to cut interest rates this year.
Thursday August 28 2008
Canada's Dollar Drops  
Canada's currency dropped the most in almost three weeks after crude oil reversed early gains and the U.S. dollar rallied.
Wednesday August 27 2008
Canadian Dollar Rises  
Canada's dollar climbed the most in almost a week as its U.S. counterpart fell against all of the world's major currencies after ECB council member Axel Weber said there's no scope for interest-rate cuts.
Tuesday August 26 2008
Canadian Dollar Falls  
Canada's currency weakened for a third day, its longest losing streak in more than two weeks, as the U.S. dollar rose against the world's major currencies.
Thursday August 21 2008
Canada Inflation Accelerates  
Canadian inflation on a year-over- year basis accelerated to the fastest since 2003 in July as prices for gasoline and other fuels kept rising.
Tuesday August 19 2008
Canada's Dollar Little Changed After Wholesale Sales Climb  
Canada's dollar was little changed after a report showed the country's wholesale sales rose at the fastest pace in more than a year, while commodities including crude oil and gold fell.
Wednesday August 13 2008
Canadian Dollar Declines  
Canada's dollar fell, trading near the lowest in almost a year, as the U.S. dollar strengthened against most major currencies.
Tuesday August 12 2008
Canada's June Trade Surplus Widens  
Canada's trade surplus widened for a second straight month in June as exports of energy products such as crude petroleum and natural gas surged while car shipments rebounded.
Friday August 08 2008
Canada Lost 55,200 Jobs in July  
Canadian employers unexpectedly shed jobs in July for the second straight month as manufacturers responded to slow demand for their goods by trimming payrolls.
Tuesday August 05 2008
Canadian Dollar Drops to Year Low  
Canada's dollar fell to the lowest in more than a year as the prices of commodities including crude oil tumbled and the U.S. currency strengthened.
Thursday July 31 2008
Canada's Economy Shranks in May  
Canada's economy unexpectedly shrank in May, as extraction of natural gas slowed and car production dropped, providing more evidence that industries are being hurt by weaker U.S. demand.
Tuesday July 22 2008
Canada's Dollar Falls  
Canada's dollar fell for the first time in three days after a government report showed a gain in retail sales was less than forecast during May.
Thursday July 17 2008
Canada's Dollar Strengthens  
Canada's dollar appreciated after a government report showed foreigners increased holdings of the nation's securities for a sixth month in May and oil rose.
Tuesday July 15 2008
Bank of Canada Leaves Rate at 3%  
The Bank of Canada left its key interest rate unchanged, saying economic risks are ``balanced'' between inflation that may double policy makers' target and the slowest growth since the country's last recession.
Monday July 14 2008
Canadian Dollar Reaches the Highest in 6 Weeks  
Canada's dollar reached the highest in almost six weeks on increasing risk appetite after policy makers in the U.S., Canada's largest trading partner, said they won't allow mortgage lenders Freddie Mac and Fannie Mae to fail.
Friday July 11 2008
Canadian Dollar Falls  
Canada's dollar fell the most in almost two weeks after a government report showed employers unexpectedly eliminated positions in June.
Friday July 11 2008
Canada's May Trade Surplus Widens  
Canada's trade surplus widened more than expected in May as exports to countries other than the U.S. reached a record.
Friday July 11 2008
Canada Shed 5,000 Jobs  
Canadian employers unexpectedly shed jobs in June for the first time this year, pushing the unemployment rate up and showing that the effects of the U.S. slowdown are spreading through the country's economy.
Tuesday July 08 2008
Canadian Dollar Falls  
Canada's dollar declined as the price of the nation's commodity exports, including gold and oil, fell.
Thursday July 03 2008
Canada's Dollar Falls After U.S. Job Report, Trichet's Comments  
Canada's dollar fell after a U.S. government report showed the unemployment rate in the world's largest economy was unchanged and the European Central Bank signaled it may not raise interest rates again this year.
Monday June 30 2008
Canada Economy Expanded 0.4 Percent in April  
Canada's economy grew for the first time in three months in April, as the struggling manufacturing industry rebounded and wholesaling also gained.
Friday June 27 2008
Canada's Dollar Gains Most in a Month  
Canada's dollar rose the most in more than a month as the price of crude oil reached a record high of more than $142 per barrel.
Wednesday June 25 2008
Canada's Dollar Gains  
Canada's dollar rose for a third day after the U.S. Federal Reserve left its benchmark interest rate at 2 percent, ending a series of seven cuts since September.
Thursday June 19 2008
Canada Inflation Rises  
Canada's annual inflation accelerated for the second straight month in May as gasoline prices surged, lending support to the Bank of Canada's assertion last week that prices may keep rising all year.
Monday June 16 2008
Canada's Dollar Gains the Most in a Month  
Canada's dollar rose the most in more than a month as oil reached a record near $140 a barrel.
Thursday June 12 2008
Canada's Currency Weakens  
Canada's dollar declined the most in more than a week as its U.S. counterpart rose versus major currencies and prices of the nation's commodity exports fell.
Tuesday June 10 2008
Bank of Canada Keeps Rate at 3 per cent  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent.
Tuesday June 10 2008
Canada's April Trade Surplus Narrows  
Canada's April trade surplus narrowed for the first time in four months, as imports of gasoline rose and automotive exports fell.
Monday June 09 2008
Canada's Dollar Heads for Longest Slump in Three Years  
Canada's dollar fell for a seventh day, its longest losing streak in three years, as economists forecast the central bank will cut borrowing costs tomorrow to avoid a recession in the world's eighth-largest economy.
Friday June 06 2008
Canada Adds 8,400 Jobs in May  
Canada's net job growth in May was the slowest this year as full-time employment fell, while the pace of wage growth accelerated.
Wednesday June 04 2008
Canadian Dollar Falls for a Fourth Day  
The Canadian dollar fell for a fourth day, touching the lowest in almost a month, amid speculation the Bank of Canada will cut interest rates next week.
Monday June 02 2008
Canada's Dollar Falls for a Second Day  
Canada's dollar fell for a second day after the price of crude oil declined and traders speculated the Bank of Canada may cut interest rates next week.
Friday May 30 2008
Canada's Dollar Falls  
Canada's dollar fell after a government report showed the economy unexpectedly shrank in the first quarter, fueling speculation the central bank will cut borrowing costs next month.
Friday May 30 2008
Canada's Economy Shrank in Q1  
Canada's economy shrank between January and March for the first three-month drop in almost five years, giving the Bank of Canada more reason to lower borrowing costs again next month.
Thursday May 29 2008
Will Canada Avoid Recession?  
Canada’s economy has grown remarkably during the last few years. But can those years of expansion be stopped by a recession in the United States?
Wednesday May 28 2008
Canada's Dollar Weakens  
Canada's dollar declined for a fifth day, its longest losing streak since January, as prices of the nation's commodity exports declined.
Monday May 26 2008
Canadian Dollar Trades Close to 2-Month High  
Canada's dollar traded close to a two-month high as the price of oil increased, bolstering prospects for the nation's exports.
Wednesday May 21 2008
Canadian Inflation Quickens  
Canada's annual inflation unexpectedly accelerated for the first time in six months in April, giving the Bank of Canada less scope to lower the country's benchmark interest rate.
Wednesday May 21 2008
Canada's Dollar Rises to 2-Month High  
Canada's dollar rose to the highest in more than two months after a government report showed inflation accelerated last month, suggesting the Bank of Canada may be less likely to cut borrowing costs at its June meeting.
Friday May 16 2008
Canadian Dollar Rises  
The Canadian dollar rose, touching an eight-week high, as oil reached a record above $127 per barrel, bolstering demand for the nation's commodity exports.
Friday May 09 2008
Canadian Dollar Rises  
Canada's dollar rose, snapping a two- day losing streak, after a government report showed employers added more jobs in April than economists forecast.
Friday May 09 2008
Canada Jobless Rate Rises to 6.1%  
Canada's unemployment rate rose to the highest in almost a year, as factories shed jobs for a third straight month. The pace of wage growth also slowed.
Friday May 09 2008
Canada Trade Surplus Widens  
Canada's trade surplus widened to the largest in 10 months in March, as energy exports jumped and imports of automotive products fell.
Thursday May 08 2008
Canadian Dollar Falls  
The Canadian dollar fell for a second day after a report showed new-home starts declined last month more than analysts forecast.
Monday May 05 2008
Canada's Dollar Rises From 3-Week Low  
The Canadian dollar rose from the lowest level in three weeks as commodities gained, boosting the currency's appeal.
Wednesday April 30 2008
Canada's Dollar Gains  
Canada's dollar rose the most in two weeks on speculation the U.S. Federal Reserve's rate-cutting cycle is close to an end.
Wednesday April 30 2008
Canada's Economy Unexpectedly Shrank  
Canada's economy unexpectedly shrank in February, led by manufacturing and wholesaling, another sign that a U.S. slowdown and global credit shortages will curb production this year.
Thursday April 24 2008
Canada's Dollar Is Little Changed Before Central Bank Report  
The Canadian dollar was little changed before the Bank of Canada releases a report explaining policy makers' decision to cut borrowing costs a half-percentage point on April 22.
Tuesday April 22 2008
Canadian Dollar Falls to Lowest in a Week  
The Canadian dollar declined to the lowest level in almost a week after the Bank of Canada cut its benchmark interest rate a half-percentage point to a two-year low.
Tuesday April 22 2008
Canada Cuts Rate by 50 Basis Points  
The Bank of Canada lowered its benchmark rate by half a point to revive an economy that's growing at its slowest pace in 16 years and signaled more easing may be needed.
Thursday April 17 2008
Canada Inflation Falls to 14-Month Low  
Canada's annual inflation rate was the slowest since January 2007 last month as prices for automobiles dropped, giving the central bank room to lower interest rates for a fourth straight time next week.
Monday April 14 2008
Canada's Dollar Advances  
Canada's dollar rose from an almost two-week low as prices of the nation's commodity exports surged and the nation's benchmark stock index rose.
Thursday April 10 2008
Canada Trade Surplus Widens  
Canada's February trade surplus widened to the largest in nine months, led by increased exports of passenger cars and energy.
Friday April 04 2008
Canada's Unemployment Rate Rises  
Canada's jobless rate unexpectedly rose from a three-decade low in March, as a surge of people entered the labor force while employment gains slowed.
Thursday April 03 2008
Canada Dollar Rises  
Canada's dollar rose to the highest in more than a week against its U.S. counterpart on optimism the U.S. economy has seen the worst of the credit crisis.
Wednesday April 02 2008
Canada's Dollar Strengthens  
Canada's dollar climbed for the second straight day amid a rise in the price of crude oil and ahead of Federal Reserve Chairman Ben S. Bernanke's testimony to Congress on the U.S. economy.
Monday March 31 2008
Canada's Economy Expanded 0.6% in January  
Canada's economy rebounded more than expected in January and posted its biggest gain since April 2005, led by wholesalers and manufacturers.
Monday March 24 2008
Canadian Dollar Declines to Two-Month Low  
Canada's dollar touched the lowest in two months as commodities extended their losses, reducing the currency's appeal.
Friday March 21 2008
Canada's Dollar Falls Most Since 1985  
Canada's dollar plummeted the most in more than two decades this week as investors shunned commodities on concern that a slowing U.S. economy will curb global demand for energy, metals and grains.
Tuesday March 18 2008
Canada's Dollar Strengthens  
Canada's dollar rose for the first time in three days as traders speculated the U.S. Federal Reserve will slash its benchmark lending rate by a full percentage point.
Tuesday March 18 2008
Canada's Annual Inflation Rate Falls to Six-Month Low  
Canada's annual inflation rate fell to a six-month low in February, as car prices plunged and gasoline costs eased, supporting the case for a fourth straight interest-rate reduction in April.
Friday March 14 2008
Canada's Dollar Falls  
Canada's dollar fell for the first time in four days as securities firms speculated whether the slump in the U.S. dollar will prompt central banks to work together to prop up the world's main foreign-reserve currency.
Tuesday March 11 2008
Canadian Dollar Rises From Two-Week Low  
Canada's currency rose from its lowest in almost two weeks after surging prices for the nation's commodity exports widened the trade surplus more than forecast in January.
Tuesday March 11 2008
Canadian Trade Surplus Advances  
Canada's trade surplus widened more than expected in January after reaching a nine-year low the month before, as high commodity prices drove the fastest export gain in more than a year.
Monday March 10 2008
Will Canada Follow United States?  
Canada’s economy has grown remarkably during the last few years but this year can be very different. Recent economic data has already shown signs that the world's eighth largest economy is slowing down as the recession in the U.S. broadens.
Friday March 07 2008
Canada's Unemployment Stays at 5.8%  
Canada's job growth topped the most optimistic forecasts for a second straight month in February and wages kept surging, as gains by service providers offset losses in manufacturing.
Tuesday March 04 2008
Canada's Dollar Falls  
The Canadian dollar fell to its lowest in a week after the central bank's new governor lowered the benchmark interest rate half a percentage point and signaled more cuts may be coming, raising concern that the nation may not escape the U.S. economic slowdown.
Tuesday March 04 2008
Canada Cuts Rate a Half Point  
The Bank of Canada cut its benchmark interest rate a half point, the first such move since 2001, and signaled it will have to act again to offset a slump in exports to the U.S.
Monday March 03 2008
Canada's Q4 Growth Slowest Since 2003  
Canada's economy grew at the slowest pace since 2003 in the fourth quarter and contracted in December as exports declined, increasing pressure on the Bank of Canada to lower interest rates.
Wednesday February 27 2008
Canada's Dollar Strengthens as Crude Oil, Gold Reach Records  
Canada's dollar rose to an almost two-month high as commodities advanced, boosting its appeal.
Tuesday February 19 2008
Canadian Core Prices Slow  
Canada's annual inflation rate excluding volatile items such as gasoline was the slowest since July 2005 last month, contained by a sales-tax cut and lower car prices, giving central bankers room to lower interest rates.
Thursday February 14 2008
Canada's Dollar Falls  
Canada's dollar fell after a government report showed the nation's trade surplus shrank to a nine-year low in December.
Monday February 04 2008
Canada's Dollar Falls as Prices of Commodity Exports Decline  
Canada's currency fell as the recent drop in the prices of the nation's commodity exports made the currency less attractive to international investors.
Thursday January 31 2008
Canadian Dollar Falls Most in Month  
Canada's dollar fell the most in almost a month after a government report showed slowing economic growth in November, fueling speculation that the Bank of Canada will cut interest rates.
Thursday January 31 2008
Canada Economic Growth Slows to 0.1 Percent  
Canada's economic growth slowed in November, as manufacturers continued to feel the effects of a strong currency while consumer demand spurred growth in the retail and entertainment sectors.
Monday January 28 2008
Canadian Dollar Falls Versus Euro  
The Canadian dollar fell against the euro, snapping a three-day winning streak, on concern a deepening U.S. economic slowdown will spill into Canada.
Friday January 25 2008
Canadian Core Inflation Slowest Since December 2005  
Canada's annual inflation rate minus volatile items such as gasoline was the lowest in two years in December, giving central bankers more room to cut interest rates.
Thursday January 24 2008
Canadian Dollar Gains Most in Two Months as Stocks, Oil Climb  
The Canadian dollar gained the most in more than two months after crude oil advanced for the first time in three days and global stocks strengthened, encouraging investors to buy assets from commodity-exporting countries.
Tuesday January 22 2008
Canadian Dollar Rises After Central Bank Cuts Less Than U.S.  
The Canadian dollar rose from a four-month low after the central bank cut its benchmark lending rate a quarter-percentage point, keeping it above borrowing costs in the U.S.
Tuesday January 22 2008
Canada Lowers Main Rate to 4 Percent  
The Bank of Canada lowered its main interest rate a quarter point, the second reduction in as many months, and signaled it will act again to shield Canada from a worsening economic slump in the U.S.
Monday January 21 2008
Canada Dollar Falls to Four-Month Low  
Canada's dollar declined to a more than four-month low on economic growth prospects as investors sold currencies from commodity exporting countries.
Friday January 11 2008
Canadian Dollar Declines  
Canada's dollar fell for a sixth day, its longest slide since March, as the economy unexpectedly lost jobs in December, reinforcing suspicions that the U.S. slowdown has hurt the economy.
Friday January 11 2008
Canada Unexpectedly Shed 18,700 Jobs  
Canada unexpectedly lost jobs in December, the first decline in eight months, as manufacturing slumped under the pressures of a record-high currency and higher global borrowing costs.
Wednesday December 26 2007
Canada's Dollar Advances to One-Month High  
Canadian dollar rose to the highest in a month on speculation climbing crude oil prices will boost the country's export revenue.
Friday December 21 2007
Canada October Growth Beat Forecasts  
Canada's economy grew more than forecast in October, as manufacturers expanded the most since January 2006 and wholesalers gained for a sixth straight month, while retail sales rose unexpectedly.
Tuesday December 18 2007
Canada Core Inflation Slows in November  
Canada's annual inflation rate minus volatile items such as gasoline unexpectedly slowed in November on lower car prices, keeping it below the central bank's target for a second straight month.
Wednesday December 12 2007
Canada's Trade Surplus Lowest Since 1999  
The continued strength of the Canadian dollar in October spurred significant volume increases and price declines for both international merchandise imports and exports.
Friday December 07 2007
Canada's Unemployment Rose to 5.9% in November  
Canada's economy added more jobs than forecast in November and wage growth accelerated to match a record pace, indicating the economy is still running at full tilt even as a high currency curbs exports.
Tuesday December 04 2007
Canada Unexpectedly Cuts Rate to 4.25 percent  
The Bank of Canada unexpectedly cut its main interest rate for the first time since April 2004, saying the higher Canadian dollar and financial market ``volatility'' restrained inflation more quickly than expected.
Tuesday December 04 2007
Canadian Economy Expands Faster-than-Expected 2.9%  
Canada's economy grew at a faster- than-forecast 2.9 percent annualized rate between July and September as business spending surged, easing pressure on the Bank of Canada to lower interest rates.
Tuesday November 20 2007
Canadian October Consumer Prices Unexpectedly Fall  
Canadian prices unexpectedly fell in October, bringing annual core inflation below the central bank's target for the first time since June 2006 and suggesting that interest rates may be lowered sooner than anticipated.
Friday November 09 2007
Canada's September Trade Surplus Narrowest Since 1998  
Canada's trade balance with the world contracted to its lowest level since December 1998, as the country bought more energy-related products such as petroleum and exported less machinery and industrial goods and materials.
Friday November 02 2007
Canada's Unemployment at 33-Year Low in October  
Canada's economy added five times more jobs than forecast in October and the unemployment rate fell to a 33-year low, giving the central bank more reason to keep interest rates unchanged and pushing the dollar to a record.
Wednesday October 31 2007
Canadian Economy Grew 0.2 Percent in August  
Canada's gross domestic product advanced for a fourth consecutive month in August, led by retail sales and mining.
Friday October 19 2007
Canadian Inflation Quickens Most in 16 Months on Gas  
Canadian inflation accelerated to the fastest since May 2006 in September as gasoline prices rebounded, lending support to yesterday's Bank of Canada forecast that said prices will rise more quickly until the end of the year.
Tuesday October 16 2007
Bank of Canada Keeps Interest Rate at 4.5%  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4.5%. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4.75%.
Thursday October 11 2007
Canada's trade surplus widened in August  
Canada's merchandise trade surplus with the world widened in August in the wake of a decline in exports and an even sharper decrease in imports, which had hit a record high the month before.
Friday October 05 2007
Canada's unemployment rate decreases to 5.9% in September  
The unemployment rate dipped 0.1 percentage points to 5.9% in September, the first time since November 1974 that the rate has been below 6.0%. The decline in the rate occurred as employment rose by an estimated 51,000, with gains concentrated in full-time employment.
Friday September 28 2007
Canada's economy grows only 0.2% in July  
Economic activity increased 0.2% in July, its average pace since the beginning of 2007, after growing 0.2% in June and 0.3% in May.
Wednesday September 19 2007
Canadian Inflation Slows to Eight-Month Low on Gas  
Canada's inflation rate slowed more than economists expected in August as gasoline prices fell, allowing the central bank to focus more on the risk that global credit shortages may curb growth.
Friday September 07 2007
Canadian unemployment rate unchanged in August  
Employment edged up by an estimated 23,000 in August. The national unemployment rate remained unchanged at its 33-year low of 6.0%, as more people entered the labour force in search of work.
Wednesday September 05 2007
Bank of Canada keeps interest rate at 4.5%  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/2 per cent. The Boc also said that total and core CPI inflation in July, at 2.2 per cent and 2.3 per cent respectively, continued to be above the inflation target but generally in line with the Bank's expectations
Friday August 31 2007
Canadian GDP up 0.8% in Q2  
The Canadian economy posted a second consecutive quarter of strong growth. Real gross domestic product (GDP) was up 0.8% in Q2 2007, easing from the pace set in Q1 (+1.0%).
Tuesday August 21 2007
Canadian CPI increases 2.2% in July  
Consumer prices rose 2.2% in July compared with July 2006, identical to the increases of the three previous months.
Tuesday August 14 2007
Canada's Trade Balance Declines in June  
Canada's merchandise exports declined for the third straight month in June in the wake of the largest drop in the machinery and equipment sector in 15 months.
Friday August 10 2007
Canadian July Unemployment Rate lowest since 1974  
Employment was little changed in July, leaving growth so far in 2007 at 1.3%, similar to the growth rate in the first seven months of 2006. The unemployment rate edged down 0.1 percentage points to 6.0%, the lowest since 1974.
Monday August 06 2007
Canadian retail trade jumps 2.5% in May  
Retail trade jumped 2.5% in May, the largest monthly increase recorded since the 3.0% gain in November 2001. The growth in May followed rises of 0.3% and 1.4% in April and March respectively.
Wednesday July 18 2007
Canada's CPI increses by 2.2% in June  
Consumer prices rose by 2.2% in June compared with June 2006, identical to the increases in both April and May.
Thursday July 12 2007
Canadian trade balance declines in May  
Canadian merchandise imports and exports declined in May for the second consecutive month after both reached record levels in March.
Tuesday July 10 2007
Bank of Canada raises interest rate to 4 1/2 per cent  
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent.
Friday July 06 2007
Canada's unemployment rate remains at 6.1% in June  
Employment growth resumed in June, up an estimated 35,000, following little change in April and May. Despite this gain, the national unemployment rate remained at 6.1% for the fifth consecutive month, as more people entered the labour force in June in search of work.
Thursday June 28 2007
Canada's CPI increased 2.2% in May 2007 compared with May 2006  
The 12-month change in the all-items Consumer Price Index without energy components was 2.1% in May, compared with a 2.3% advance posted in April
Monday June 18 2007
Canadian unemployment rate at 33-year low  
The unemployment rate held steady for the fourth straight month at 6.1%, a 33-year low.
Monday June 18 2007
Canada's exports decreases 0.3% imports fells 2.2% in April  
Canadian exports edged down 0.3% to $40.7 billion from a revised $40.8 billion in March. Imports fell 2.2% in April to $34.9 billion, driven by declines in all sectors except energy.
Monday June 18 2007
First quarter GDP advanced 0.9% twice the pace of last quarter  
Canadian economy picked up steam in the first quarter of 2007 as real gross domestic product (GDP) advanced 0.9%, more than twice the pace of last quarter.
Sunday June 17 2007
Canadian CPI increased at its fastest pace in four years  
Consumers paid 2.2% more in April for the goods and services in the Consumer Price Index (CPI) basket than they did in April 2006, a slightly slower growth than the 2.3% increase recorded in March.
Sunday June 17 2007
Bank of Canada Mantains its interest rate at 4 1/4 per cent  
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 1/2 per cent.
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