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31st August 2018 Canadas Economic Growth Accelerates
Canadas economy is growing at 2.9 percent as evidenced by second quarter annualised economic growth rate according Statistics Canada the national statistical agency.
Increased consumer spending and more exports help grow the the size of the economy faster.
1st August 2018 Canadas Economic Growth Accelerates
The economy is growing at fastest rate in a year according to Statistics Canada. Annualised growth in 2018 is forecast to hit 3 percent.
Faster economic growth in Canada is likely to result in higher interest rates in Canada to tame inflationary pressures.
21st July 2018 Canada Inflation Rises In June
Canadas inflation rises to its highest level in more than 6 years at 2.5 percent according to Canadian government. Recent interest rate increase is aimed at controlling inflationary pressures in Canada.
12th July 2018 Interest Rate Increase
Bank of Canada raised interest rates to 1.5 percent. More rate increases anticipated after four rate increases since July 2017.
Interest rates are increasing due to inflationary pressures on prices in Canada.
9th June 2018 Canadian Wages Grow At Fastest Pace In Nearly 6 Years
6th June 2018 Canada Exports At Record High
Canadas trade deficit narrowed in April on the back of record exports and reducing imports. This highlights the risks from the uncertainty surrounding the North American Free Trade Agreement NAFTA. Most of Canadas exports go to America.
13th March 2018 Untapped Potential In Canadian Economy To Generate More Growth Without Higher Inflation
Canada’s interest rates may therefore not move for sometime. Although unemployment is falling there is still sufficient numbers unemployed or underemployed to temper any pressure on increasing inflation or controlling interest rates according to Bank of Canada Governor Stephen Poloz.
However the Canadian Federation of Independent Business CFIB says there is a growing skills shortage in Canada. There are 400,000 job vacancies unfilled in Canada and this is holding back business in Canada. The construction sector has a particularly wide skills gap.
Unemployment rate in Canada is 5.8 percent – the lowest rate since 1976
Over 500 Canadian doctors protest raises, say they’re being paid too much (yes, too much) #canadachat #CanadaWeWant #CanadaReads #Canada #CanadaHealthcare #CanadaBusiness #CanadaEconomy https://t.co/iN4ZILYl5H
— cheeringup (@cheeringup) March 6, 2018
6th March 2018 Bombardier To Strengthen Balance Sheet
Bombardier Inc will sell equity stake in company to boost its balance sheet as part of planned 5-year turnaround business plan. Bombardier was struggling with high levels of debt which did threaten its survival and may see dilatation of shareholder value as price to pay to build corporate resilience.
2nd March 2018 Canada Manufacturing Growth Falls In February
The slight fall in Canadian manufacturing growth was offset by news that employment levels in Canada are at highest level in 6 months.
— Risk Management (@HolisticRiskMgt) February 15, 2018
— World Economic Forum (@wef) February 10, 2018
9th February 2018 Biggest Threat To Canada’s Economy Is Personal Debt Levels
Senior Deputy Governor Carolyn Wilkins has been reported as saying that the biggest threat to Canada is the serviceability of debt taken on by individuals in Canada as interest rates have jumped up quickly and will continue to rise in 2018.
15th January 2018 Canadian Home Sales Rise for 5th Straight Month
According to the Canadian Real Estate Association CREA, resales of Canadian homes rose 4.5 percent in December.
Toronto’s housing market called last summer after action by the province to impose foreign buyers tax.
21st December 2017 Inflation Increase In Canada
Inflation in Canada has risen to its highest rate since the start of 2017. Annual inflation increased to 2.1 percent in November from 1.4 percent in October according to Statistics Canada.
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