Blog


Canadian manufacturing sales top expectations, gain 1.1% in June

Canadian manufacturing sales rose more than expected in June, boosted by a 16 per cent surge in oil and coal shipments. Statistics Canada said Thursday manufacturing sales were up 1.1 per cent to $58.1 billion in June, following a 1.5 per cent increase in May. Economists had expected an increase of 0.9 per cent in […]

Posted on: August 17, 2018

Surge in part-time work in Canada offsets full-time losses as unemployment rate drops to 5.8 per cent

OTTAWA—The economy generated 54,100 net new jobs last month and saw its unemployment rate fall — but the headline improvements overshadowed weaker details: a rush of new part-time, public-sector positions and a drop in full-time work. The overall July increase in jobs pushed the unemployment rate back to its four-decade low of 5.8 per cent, […]

Posted on: August 13, 2018

Canada-Saudi Arabia Feud Could Suck Billions Out Of Canadian Economy

CALGARY — Canada can easily replace the oil it imports from Saudi Arabia should relations with the Middle Eastern kingdom deteriorate to the point that trade in crude is halted, says an energy economist. But this week’s trade tension escalation means Canada will be on the sidelines as the Saudis try to diversify their economy […]

Posted on: August 13, 2018

Canada’s job surge beats expectations, but there is a catch — actually a few

OTTAWA — The economy generated 54,100 net new jobs last month and saw its unemployment rate fall — but the headline improvements overshadowed weaker details: a rush of new part-time, public sector positions and a drop in full-time work. The overall July increase in jobs pushed the unemployment rate back to its four-decade low of […]

Posted on: August 12, 2018

Canada’s big banks stand to lose on credit card debt in the next downturn: Moody’s

The next economic downturn will result in higher credit card losses at Canadian banks than the last recession due to the “unprecedented” levels of consumer debt fuelled by the housing boom, says Moody’s Investors Service. With many Canadians already pushed to the limit by high housing costs, job losses or other “cash flow shocks” will […]

Posted on: June 12, 2018

Loonie’s strength complicates Bank of Canada interest rate decision

After the Canadian economy’s sizzling performance in the second quarter, all eyes will be on the Bank of Canada this week for a potential interest-rate hike. But there’s at least one obstacle standing in the bank’s way: a resurgent loonie. Since early May, the Canadian dollar has soared more than 10 per cent against the […]

Posted on: June 12, 2018

Loonie tops 81 cents US briefly again ahead of interest rate decision

The Canadian dollar shot up Tuesday to top 81 cents US briefly again, a day before the Bank of Canada unveils its latest decision on a key interest rate. In morning foreign exchange trading, the loonie got as high as 81.05 cents US. It later fell back to trade at 80.81 cents US, up 0.3 of a […]

Posted on: June 12, 2018

Canadian dollar is on a tear today, up almost a cent

TORONTO — The Canadian dollar strengthened against its U.S. counterpart on Tuesday as oil prices rose, while investors weighed prospects of a Bank of Canada interest rate hike as early as this week. Prices of oil, one of Canada’s major exports, climbed as the gradual restart of refineries in the Gulf of Mexico that were […]

Posted on: June 12, 2018

C$ posts 2-year high vs weaker greenback as oil rallies

TORONTO, Sept 5 (Reuters) – The Canadian dollar strengthened to a two-year high against its U.S. counterpart on Tuesday as oil rallied and the greenback lost ground broadly, while investors weighed prospects of a Bank of Canada interest rate hike as early as this week. Prices of oil, one of Canada’s major exports, climbed as […]

Posted on: June 12, 2018

Oil prices have surged 11% in the past quarter, so why is the Canadian dollar languishing?

The currencies of some of the world’s biggest crude exporters are breaking their historic relationship with the oil price. The Canadian dollar has weakened, the Norwegian krone is little changed and the Russian ruble has strengthened just 4 per cent in the past three months even as the price of Brent crude has surged 17 […]

Posted on: October 25, 2017