Canada

  • 2011-05-20 07:00

    --Core April CPI +0.2% NSA; +1.6% Yr/Yr
    --Seasonally adjusted all items April CPI +0.3% vs March +0.8%
    --Seasonally adjusted core April CPI +0.2% vs March +0.5%

    By Courtney Tower

    OTTAWA (MNI) - Canadian inflation pulled back in April from a large
    spike upwards in March, although the annual inflation rate stayed at
    3.3%, the highest year-over-year increase since September, 2008.

    The Consumer Price Index for April rose 0.3% from March, against a
    1.1% month-over-month jump in March from February. The annual rate, not

  • 2011-05-19 13:16

    By Vicki Schmelzer

    NEW YORK (MNI) - Aside from the overall trend of commodities, this
    week's release of April Canadian consumer price index data is expected
    to be a key driver of loonie direction, analysts said.

    An upside CPI surprise would underpin the Canadian dollar, while a
    tepid result would likely weigh on the loonie, at least temporarily,
    they said.

    "Markets are expecting continued near-term headline inflation
    pressures (3.4% year-on-year expected versus 3.3% year-on-year in
    March), although the core is still a bit below the 2% target (1.6%

  • 2011-05-19 12:18

    By Yali N'Diaye

    WASHINGTON (MNI) - Bank of Canada Governor Mark Carney Thursday
    said one of the judgments that have to be made in the "extremely
    delicate" situation of Greece is what additional measures can be taken
    by the country, and ultimately there must be a judgment of
    sustainability.

    International Monetary Fund Acting Managing Director John Lipsky
    "knows the answer to that," he joked, as the IMF official was about to
    speak at the Annual Meeting of the Bretton Woods Committee.

    "In Greece, a mission is currently in the field, working closely

  • 2011-05-19 11:55

    By Karan Landge

    OTTAWA (MNI) - Statistics Canada is expected to report Friday that
    Canadian inflation continued high in April at 3.3% at an annual rate, as
    it was in March, according to analysts.

    The expected 3.3% inflation rate is a consensus among analysts
    surveyed by Market News International. On a month-over-month basis, the
    basket of goods and services is expected to have risen by 0.4% from
    March.

    Statistics Canada last month reported that consumer prices rose
    3.3% in March, on a year-over-year basis, spiking much higher than

  • 2011-05-18 09:09

    by Karan Landge

    OTTAWA (MNI) - After falling 0.9% in February, wholesale sales
    increased 0.1% to C$46.8 billion in March. The increase in wholesale
    sales was attributed to gains in the "miscellaneous" category and the
    "motor vehicle and parts" subsectors, Statistics Canada reported
    Wednesday.

    Sales in the motor vehicle and parts subsector rose 0.6% in March.
    The decline of 5.8% in the new motor vehicle parts and accessories
    industry almost canceled out the increase of 2.6% in the motor vehicle
    industry.

  • 2011-05-18 08:49

    By Akhil Shah

    OTTAWA (MNI) Canada's composite leading indicator index posted
    yet another increase in April, rising 0.8%, Statistics Canada reported
    Wednesday. This follows a 0.6% gain in March.

    The increase was a result of eight out of the 10 components
    advancing in April. The stock market recorded the largest gains,
    advancing 1.5% in April.

    The housing index declined 0.4% after increasing 2.0% in March,
    posting its first decline in six months as starts slowed while sales
    increased. Money supply grew by 0.5% in April, after a 0.4% increase in
    March.

  • 2011-05-17 08:48

    --Retransmitting, Correcting Tagline At Bottom Of Story

    By Akhil Shah

    OTTAWA (MNI) Foreign investors acquired C$6.339 billion worth of
    Canada securities in March, while investors from Canada reduced their
    holdings of foreign securities by an amount equivalent to C$1.731
    billion, Statistics Canada reported Tuesday.

    Foreign investment in Canada was a result of non-residents
    purchasing Canadian bonds and equities in March. Foreign investors
    acquired Canadian equity worth C$3.311 billion and Canadian bonds worth
    C$ 3.236 billion in March.

  • 2011-05-17 08:47

    By Akhil Shah

    OTTAWA (MNI) Foreign investors acquired C$6.339 billion worth of
    Canada securities in March, while investors from Canada reduced their
    holdings of foreign securities by an amount equivalent to C$1.731
    billion, Statistics Canada reported Tuesday.

    Foreign investment in Canada was a result of non-residents
    purchasing Canadian bonds and equities in March. Foreign investors
    acquired Canadian equity worth C$3.311 billion and Canadian bonds worth
    C$ 3.236 billion in March.

    The increase in bond holdings came from a C$8.0 billion foreign

  • 2011-05-16 15:29

    --IMF's Strauss-Kahn Scandal Not Affecting Europe Package Talks
    --Sees 'No Material Effect' On Global Economies

    By Courtney Tower

    OTTAWA (MNI) Financial support of European countries in trouble
    will not be harmed, or affected, by the present scandal surrounding IMF
    head Dominique Strauss-Kahn, Bank of Canada Governor Mark Carney said
    Monday.

    Peppered with questions at an Ottawa news conference about the
    likely effects of the scandal on the IMF and on world financial issues,

  • 2011-05-16 12:45

    --Sees Asian Demand Gaining Momentum In Future Years
    --Despite Price Fluctuations, High prices/Demand to Stay

    By Courtney Tower

    OTTAWA (MNI) - The Asian-led commodity boom in the world will not
    subside but will "gain momentum in coming years," Bank of Canada
    Governor Mark Carney said Monday.

    Risks of the Chinese and other Asian economies overheating are
    present, causing inflation pressures in them and globally, Carney
    said in a speech in Ottawea. But he believed that, overall, "a large,
    sustained increase in demand --- most notably, in China---" is likely to