Canada
Canadian and U.S. Trade Trends
February 10, 2010
All nations, including Canada and the United States, experienced a sharp reduction of two-way commerce during the Great Recession, which is now reversing. U.S. trade faired better than Canadian trade during the economic downturn, as exemplified by 2009 versus 2008 comparisons of exports and imports. In Canada’s case, exports (off 24.6%) plunged more sharply than [...] More
Canadian Labor Report Better Than Forecast
February 5, 2010
Canada added 43K jobs last month, almost three times more than expected. Over the past three months, jobs climbed at a monthly pace of 33.3K, which is analogous to a rising trend of 258K per month in the U.S. labor market. Two-thirds of the net Canadian employment gains in January came from young workers. [...] More
U.S. and Canadian GDP Growth
January 29, 2010
The U.S. economy advanced at a 5.7% annualized rate last quarter, more than a percentage point faster than consensus expectations and the quickest rate of growth since the third quarter of 2003. Net exports and inventories accounted for 67.7% of the quarter’s growth, and personal consumption furnished a further quarter of it. For all the [...] More
U.S. and Canadian Consumer Price Inflation
January 20, 2010
Seasonally adjusted consumer prices dipped 0.1% in December but firmed 0.4% in the United States. The December-over-December CPI increases were respectively 1.8% in the U.S. and 1.3% in Canada. Canada enjoyed an even greater advantage in comparisons of whole 2009 inflation, where the readings were merely 0.1% in Canada but 2.7% on average in the [...] More
Bank of Canada Didn’t Break New Ground
January 19, 2010
As analysts expected, central bank policymakers in Canada retained a target of 0.25% on overnight money and a 0.5% Bank Rate, and they reaffirmed a pledge not to raise those rates before the middle of this year, contingent upon an unchanged outlook for inflation. Monthly short-term repo operations will continue through April to promote very [...] More
U.S., Canadian and Euro Area Labor Statistics
January 8, 2010
The United States may have left behind its GDP recession but remains in a growth recession, the term used by economists when economic expansion is too weak to cut unemployment. Employment fell in every month of 2008 and eleven of twelve months last year, the exception being a revised and tiny increase of 4K in [...] More
