Canadian economic trends

Today’s North American Economic Data

June 28, 2012

The 1.9% annualized increased of U.S. real GDP in the first quarter was unrevised from the prior estimate.  Personal consumption growth of 2.5% accounted for 93% of GDP’s rise during the quarter.  Private investment, net foreign demand, and inventories supported growth modestly but were collectively neutralized by a 4.0% annualized drop in public-sector spending that […] More

Bank of Canada Quarterly Monetary Policy Report

October 26, 2011

The October Report contains more detailed information than was included in Tuesday’s statement following a decision to leave the Bank of Canada’s overnight target rate unchanged at 1.0%, its level since early September 2010.  Here are the most interesting revelations. Total and core CPI inflation, which in 3Q11 were 3.0% and 1.9% greater than a […] More