Rates holding at near-record levels of capacity
Exports of automotive products drop 8.4%
Jobless rate falls to 31-year low
Labour costs slow for first time in more than a year
The seasonally adjusted annual rate of housing starts was 216,800 units in May, down marginally from 217,900 units in April, Canada Mortgage and Housing Corp. (CMHC) said today.“Housing starts last month were nearly unchanged from their April level,” said Bob Dugan, chief economist at CMHC’s Market Analysis Centre, in a news release. “May marks the […]
Permits hit five-month low as housing market cools
Finance and banking report decreased business activity
Canada’s economy grew by 0.9% in the first three months of the year on the strength of investment and consumer spending, Statistics Canada reported today.A jump in household spending, particularly on durable goods and housing, was behind most of the first-quarter advance, the federal government agency said.The economy grew at an annualized rate of 3.8%, […]
The United States economy enjoyed a growth spurt in the first three months of the year as it expanded at an annual rate of 5.3%, its best showing in 2-1/2 years.The U.S. Commerce Department reported today that the first-quarter growth figure was more than triple the 1.7% annual rate seen in the final three months […]
Consumer spending drives growth