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Tag: Canada

Industrial Production Price Index decreases 0.6% in November

Industrial Production Price Index decreases 0.6% in November

The prices of products made in Canada, measured by the Industrial Products Price Index (IPPI), declined 0.6% in November, data released by Statistics Canada on Tuesday showed. In October there had been a fall of 0.4%. The report highlights that the Commodity Price Index it rose 0.6% in November. “Prices for energy and petroleum products […]

Manufacturing PMI improves to 57.9 points in December

Manufacturing PMI improves to 57.9 points in December

Markit’s Manufacturing PMI in Canada rose to an all-time high in December. USD / CAD is trading modest daily losses above 1.2700. Business activity in Canada’s manufacturing sector continued to expand at a solid pace in December, with IHS Markit’s manufacturing PMI improving to 57.9 points from 55.8 in November. This is the highest reading […]

Economy expands 0.4% in October

Economy expands 0.4% in October

The Canadian economy expanded 0.4% in October, This figure is lower than the 0.8% expansion of the previous month and slightly above expectations. The goods producing sector expanded 0.1% and the services sector 0.5%. The preliminary reading for November suggests a growth of 0.4%. He Canadian dollar it appreciated after the data but quickly gave […]

Spain also suspends its flights and the United Kingdom is isolated due to the new strain of coronavirus

Spain also suspends its flights and the United Kingdom is isolated due to the new strain of coronavirus

At the end of last January, when the coronavirus was spreading across China but had not yet reached Europe, British Airways decided to suspend all its flights with the Asian country. It was the first airline to take this measure, which was to last until March. By then the virus had already roamed Europe, and […]

Canada: Retail sales momentum proved resilient in October

Canada: Retail sales momentum proved resilient in October

Data released on Friday showed that retail sales increased 0.4% in Canada during October. CIBC analysts They note that it appears that the increase in Covid-19 cases had a lesser effect on consumer spending in October than was feared. Key statements: Canadian retail sales momentum proved resilient in October, driven in part by surprising strength […]

Retail Sales Up 0.4% in October, Beating Expectations

Retail Sales Up 0.4% in October, Beating Expectations

The October retail sales in Canada rose 0.4%, higher than the market consensus which was for an increase of 0.2%. Excluding vehicles, sales repeated the September number, against the expectation of a 0.2% increase. In the previous month, sales had risen 1.1% and without taking into account cars 1%. This is the sixth consecutive monthly […]

ADP employment report shows first increase in jobs since February

ADP employment report shows first increase in jobs since February

The Canadian Labor Market Report prepared by ADP showed an increase in employment from October to November of 40,800. The data is the first positive figure since February of this year. In October, recorded a drop in employment of 383,500. The data was revised from an initial decline of 79,500. The report had no impact […]

Annual inflation rises to 1%, highest rate since February

Annual inflation rises to 1%, highest rate since February

The prices in Canada rose slightly in November according to information released by the statistics agency. He Consumer’s price index (IPC) climbed 0.1% and it is expected to remain unchanged. The annual rate went from 0.7% to 1%, the highest number since February. He Underlying CPI in November it rose 0.4% and the Bank of […]

Manufacturing sales rise 0.3% in October, below expectations

Manufacturing sales rise 0.3% in October, below expectations

Manufacturing sales in Canada increased 0.3% to $ 54.1 billion in Octoberdata released by Statistics Canada on Tuesday showed. This reading follows the September rise of 1.5% and was below the expectation of a 0.6% reading. “Manufacturing sales in constant dollars were unchanged, indicating that the increase in October was driven entirely by higher prices,” […]

Health Canada Approves Pfizer-BioNTech Vaccine Against COVID19

Health Canada Approves Pfizer-BioNTech Vaccine Against COVID19

Health Canada announced Wednesday that it approved the COVID-19 vaccine developed by Pfizer Inc and BioNTech for use in Canada. “The approval of the vaccine is supported by evidence that it is safe, effective and of good quality,” Health Canada said in a statement, Reuters reported. Currently, the country has an order for 20 million […]