Canadian Consumer Spending Decline
Canadian consumers seem to have tightened their wallets after a surge in retail purchases during the holiday season, highlighting the pressure on household budgets from high interest rates. Sales Decline…
Inflation Declines in Canada, Impacting Stock Market
By Adriano Marchese Statistics Canada recently reported a 0.3% decline in inflation for December, compared to the previous month. However, inflation has risen by 3.4% compared to the same period…
Inflation Expectations Remain Elevated in Canada
OTTAWA--According to the fourth-quarter surveys released by the Bank of Canada, inflation expectations among businesses and households in Canada remain elevated. The combination of wage gains and shelter costs is…
Canada Signs Formal Pact with Boeing for Maritime Patrol Aircraft
Canada has announced a formal agreement with Boeing to acquire up to 16 of the company's maritime patrol aircraft. The Canadian government will invest up to 10.4 billion Canadian dollars…
Decline in Canadian Existing Home Sales Continues
Existing home sales in Canada witnessed a 5.6% drop in October, marking the fourth consecutive month-over-month decline. This decrease can be attributed to higher interest rates that continue to impact…
Canadian Factory Sales Rise in August
Canadian factory sales experienced a second consecutive monthly increase in August, driven by higher oil prices and strong growth in the food sector. According to Statistics Canada, manufacturing shipments reached…
Canada’s International Reserves Decline in September
Canada's official international reserves saw a decrease of $2.24 billion in September, primarily due to a net loss on investments, according to the federal finance department. As of September 30,…
Canada’s International Reserves Decline in September
Canada's official international reserves saw a decrease of $2.24 billion in September, primarily due to a net loss on investments, according to the federal finance department. As of September 30,…
Canadian Manufacturing Activity Contracts Further in September
The latest data revealed a continued decline in Canadian manufacturing activity last month, signaling softening market conditions. The S&P Global Canada manufacturing purchasing managers index fell to 47.5 in September,…
Moderna Expands Supply of Covid-19 Vaccine to Canada in New Agreement
(Moderna) Moderna Inc. has agreed with the Government of Canada to supply as much as 105 million doses of its Covid-19 vaccine, upon approval, and its booster vaccine candidate The…
Canadian Inflation Hits a 10-Year High after Jumping to 3.6% in May
(Statistics Canada) Canada recorded the fastest rise in inflation since 2011, with annual consumer prices rising 3.6% in May. The jump in Canada’s inflation was higher than expected 3.5% gain.…
Invesco Analyst Hooper Raises Concerns over High Yields of Canadian Bonds
Avi Hooper, Invesco Ltd.’s senior portfolio manager, sees unsustainable yields on Canadian bonds, according to Bloomberg. Hooper says the bonds have risen too far and too quick, failing to match…