Canada

  • 2011-04-28 11:22

    --Investors Calling Re Apparent Shift To New Democratic Party On Left
    --Ruling Conservatives Fade In Polls And Liberals Sink To Third

    By Courtney Tower

    OTTAWA (MNI) Foreign and domestic investors in Canada's
    industries and finances suddenly find themselves asking a new question:
    will there really be an historic public shift to the social democratic
    left in the national election results next Monday?

    Public opinion polls all have the New Democratic Party (NDP), a
    rump group with 36 seats in the 308-seat House of Commons, surging so

  • 2011-04-28 08:48

    By Akhil Shah

    OTTAWA (MNI) Canadian non-farm payroll average weekly earnings
    increased 0.2% in February, and were up 4.0% on an annual basis,
    Statistics Canada reported Thursday.

    A 0.9% increase in the average number of hours worked contributed
    to the rise in February vs. a year ago. In comparison, average hours
    worked from February 2009 to February 2010 edged down 0.3%.

    Other upward pressure came from wage growth and changes in the
    composition of employment by industry, by occupation and by level of job
    experience, the agency reported.

  • 2011-04-28 08:45

    By Karan Landge

    OTTAWA (MNI) - Statistics Canada's GDP report Friday is expected to
    show no expansion by Canada's economy in February, mainly due to some
    weakness in exports and a decline in manufacturing activity.

    Economists surveyed by Market News International expect GDP growth
    to have been flat in February following increases of 0.5% in December
    and January.

    Sal Guatieri, senior economist at BMO Capital Markets, in an
    interview said a slowing of the GDP after fairly healthy gains in the
    prior two months largely reflects some weakness in exports and

  • 2011-04-21 12:47

    --Federal Budget Deficit C$28. Billion vs C$40.5 Bln in Period Earlier

    By Courtney Tower

    OTTAWA (MNI) Canada's federal finances are improving
    substantially, as Prime Minister Stephen Harper can and will note in the
    current national election campaign in which he claims superior economic
    management.

    In its monthly Fiscal Monitor, the federal Finance Department on
    Thursday reported a budgetary deficit for the first 11 months of
    Canada's fiscal year, which ended March 31, of C$28.3 billion (US$29.7
    billion).

  • 2011-04-21 08:30

    --February Sales Ex-Autos Up 0.7% To $29.32 Billion
    --February Sales Offset Most of Jan. -0.4% (revised from -0.2%)

    By Courtney Tower

    OTTAWA (MNI) - Canadian retail sales bounced back by 0.4% in
    February to $37.3 billion, mostly offsetting the same percentage decline
    in January, with higher sales across almost all categories and in six of
    10 Canadian provinces, Statistics Canada reported Thursday.

    Before the data release, analysts had expected a 0.5% growth in
    sales, and said a rebound in household spending, indicating an improving

  • 2011-04-19 13:37

    By Vicki Schmelzer

    NEW YORK (MNI) - Tuesday's March Canada Consumer Price Index data
    increased the chances that the Bank of Canada will raise rates in July,
    providing a decided lift to the loonie.

    CPI all-items rose 1.1% on the month (non-seasonally adjusted) and
    3.3% year-on-year.

    Core inflation rose 0.7% month-on-month and 1.7% year-on-year on a
    non-seasonally adjusted basis.

    The CPI data was "a rather uncomfortable surprise," with the
    headline well "outside the BOC"s inflation control band" and the y-o-y

  • 2011-04-19 10:16

    By Akhil Shah

    OTTAWA (MNI) - The composite leading indicator increased 0.8% in
    March, reported Statscan Tuesday. This follows gains of 0.6% and 1.1% in
    January and February. As a result the leaders have posted their sixth
    consecutive increase.

    The advance came from eight of 10 components posting increases. The
    stock market and housing index recorded largest gains advancing 2.2% and
    2.0% respectively in March. The money supply edged up 0.4% in March,
    after a similar increase in February.

    Under the manufacturing sector, average hours put in a work week

  • 2011-04-19 07:00

    --Core March CPI +0.7% NSA; +1.7% Yr/Yr
    --Seasonally adjusted all items March CPI +0.8% vs Feb. 0.0%
    --Seasonally adjusted core March CPI +0.5% vs Feb. -0.1%

    By Courtney Tower

    OTTAWA (MNI) - Canadian inflation soared above Bank of Canada and
    analyst predictions in March to 3.3% at an annual rate, the largest
    year-over-year increase in 30 months, Statistics Canada reported
    Tuesday.

    The annual rate, not seasonally adjusted, leaped from +2.2% in the
    12 months to February, 2.3% in January, and 2.4% in December. The chief

  • 2011-04-18 09:15

    --Analysts Expect Rise to 2.8% Annual Rate From February 2.2%

    By Karan Landge

    OTTAWA (MNI) - Canadian inflation is expected to have turned up in
    March to 2.7% or 2.8% from 2.2% in February at an annual rate, to be
    seen in Statistic Canada's monthly Consumer Price Index report on
    Tuesday.

    Analysts surveyed by Market News International expected that the
    increase, also signaled by the Bank of Canada in its quarterly policy
    report last week, was largely due to higher energy prices.

    Statistics Canada last month reported that consumer prices rose

  • 2011-04-18 08:59

    By Akhil Shah

    OTTAWA (MNI) Foreign investors invested C$2.5 billion in Canadian
    securities in February, while Canadian investors added C$2.551 billion
    worth of foreign securities to their portfolios, Statistics Canada
    reported Monday.

    Foreign investment in Canada was driven by non-residents purchasing
    Canadian equities in February. The agency reported that foreign
    investors acquired C$4.9 billion of Canadian equity in February, making
    it the largest investment since May 2010.

    The bulk of this investment came from secondary market purchases of