Canadians still expect the economy to improve going forward
U.S. consumer prices fell in May compared to a year-ago, a sign the inflation remains subdued.U.S. consumer prices fell 1.3% compared to one year ago, the largest 12-month decline since April 1950, the U.S. Labor Department said Wednesday. That’s below the 2% annual rate of inflation that most U.S. Federal Reserve officials think is consistent […]
Automotive products sales rise for third straight month
Largest turnarounds in the housing and the stock market
The labour productivity of Canadian businesses rose 0.3% in the first quarter as output and hours worked made a sharp decline, Statistics Canada said Tuesday.StatsCan reported the gross domestic product of Canadian businesses and hours worked related to this production were both down sharply, posting the largest quarterly declines since the first quarter of 1991.The […]
Level of pessimism drops sharply from February
Sharp decline in imports and exports during the quarter
Record decline follows a decline of 2.0% in the previous quarter
New car sales up 3.6% in March
Weak demand in the building materials, machinery and electronic equipment sectors pushed Canadian wholesale activity down by 0.6% in March to $40.5 billion, Statistics Canada said Thursday.In terms of volume, wholesale sales were down 1.3%. A weaker Canadian dollar meant that wholesalers paid more for imported goods, StatsCan said.With the March decline, wholesale activity has […]