Growth eases to 0.8% from 1% in first quarter
Personal income, spending accelerate
Jobless claims hit highest level since April
Higher exports and lower imports helped push the country’s current account surplus up $2.2 billion to $8.4 billion in the second quarter.Statistics Canada said the surplus on trade in goods rose $1.6 billion — the third consecutive quarterly increase — to $16.3 billion, the highest level since the fourth quarter of 2005.After setting a record […]
Strong growth in household and business loans has accelerated
Declines in manufacturing and insurance partially offset by gains from wholesalers, retailers and real estate companies
Canadian consumers took a shopping break in June following the largest monthly sales increase in almost a decade in May, Statistics Canada reported today.Despite the drop in June, retail sales were the highest in almost six years during the second quarter, StatsCan said.Total retail sales fell 0.9% to an estimated $34.6 billion in June after […]
Canada’s annual inflation rate in July remained at 2.2% for the fourth month in a row, Statistics Canada said today.Much of the year-over-year rise in the consumer price index was due to higher accommodation costs, as housing prices and mortgage rates increased.Lower prices for gasoline and natural gas mitigated the annual rise in the cost […]
Home builders in the United States slowed groundbreakings during July, pulling construction to its lowest rate in 10 years as sales keep tumbling and credit tightens.Housing starts decreased by 6.1% to a seasonally adjusted 1.381 million annual rate, after rising 2.1% in June to 1.470 million, the U.S. Commerce Department said today.July starts were lower […]
Industrial production increases