Canadian Employment (September 2020)
Posted on Oct 09, 2020 in Economics
Canadian employment gained 378.2k jobs in September (2.1%, m/m), following a gain of 245.8k in August. This is the fifth consecutive month of increases, putting national employment within 719.5k of its pre-COVID February level. The national unemployment rate fell by 1.2 percentage points to 9% from the previous month. Gains in the services-producin...Canadian Housing Starts (September 2020)
Posted on Oct 09, 2020 in Economics
Canadian housing starts decreased by 20% m/m to 208,980 units in September at a seasonally adjusted annual rate (SAAR), following a strong gain of almost 262,000 units in August. This is the first decline after four consecutive months of increases, which was driven by declines in the multi-unit segment in Ontario and BC. The decline was broad-based...Canadian Monthly Real GDP (July 2020)
Posted on Sep 30, 2020 in Economics
Canadian real GDP grew 3 per cent in July, following a record 6.5 per cent increase in June. However, even after three consecutive months of strong growth, the Canadian economy remains about 6 per cent below its pre-pandemic level of output. All 20 Canadian industrial sectors posted increases in July, with the real estate sector surpassing its pre...Canadian Retail Sales - July 2020
Posted on Sep 18, 2020 in Economics
Retail sales rose for the third consecutive month in July by 0.6% on a seasonally-adjusted basis, close to Statistic Canada's preliminary estimate of 0.7%. This marks a deceleration from the 23% rise in June and a 21% rise in May, as stores were reopening. Sales were up in 6 of 11 subsectors, led by higher sales at auto dealers and at gas stations...Canadian Inflation (August 2020)
Posted on Sep 16, 2020 in Economics
Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.1% in August year-over-year, matching last month's increase. Excluding gasoline, the CPI rose by 0.6%. Prices rose in five of eight components year-over-year with notable increases in food, shelter, and personal care, while prices continued to fall for transportation, cloth...Canadian Housing Starts (August 2020)
Posted on Sep 09, 2020 in Economics
Canadian housing starts increased by 7% m/m to 262,396 units in August at a seasonally adjusted annual rate (SAAR). This represents the fourth consecutive monthly increase and the fastest pace of national homebuilding since 2007, pushing up the six-month average to 213,144 units SAAR. August's increase was driven primarily by the multi-units segmen...