Canada Economy

The monthly Ivey PMI report for Canada is scheduled for release today. Forecasts point to a recovery in the purchasing manager’s index for July, rising to 55.0. This would mark a recovery from June’s reading where activity hit a…
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This is a pretty quiet week in terms of economic data for most economies, and Canada is no exception. Most investors have their eyes on the most intense part of earnings season, where a little more than 70% of Canadian companies will…
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Statistics Canada will be releasing the monthly inflation figures later today. According to the median estimates from economists, Canada’s inflation is forecast to slow. After inflation surged in May, headline CPI is forecast to rise…
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The Bank of Canada will be holding its monetary policy meeting this week on Wednesday. The bank has left interest rates unchanged at 1.75% for the past five monetary policy meetings. While the central bank’s forward guidance has turned…
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The week ahead will be dominated by central banks once again. This week will see the Bank of Canada’s monetary policy decision alongside the release of the Federal Reserve monetary policy meeting minutes. The recent uptick in Canada’s…
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It has been a busy week as far as economic data from Canada is concerned. Over the past weeks, economic data from Canada included the monthly inflation figures for May. Official data from Statistics Canada saw inflation rising more than…
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The monthly retail sales data due for release by Statistics Canada will be a dataset to watch. Following two months of gains and weak quarterly performance, investors will be looking to the data for April. According to the median…
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Statistics Canada will be releasing the monthly GDP for the month of March and also the first quarter GDP report today. The data comes as the Bank of Canada held interest rates steady at its monetary policy meeting earlier this week. The…
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The Bank of Canada will be holding its monetary policy meeting today. Heading into the event, the markets believe that the BoC will keep the interest rates steady at 1.75%. This will mark a sixth consecutive meeting where rates remained…
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The monthly labor market report from Canada will be coming out later today. Data from Statistics Canada is forecast to show that the economy added 44.1k jobs in April. The unemployment rate, meanwhile, is forecast to remain steady at…
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