Canada’s consumer price inflation rate fell to 0.7% in October

(November 24, 2013)

·         Canada’s headline consumer price index fell 0.2% on a not seasonally adjusted basis in October 2013, which was a bigger monthly decline than market forecasts for a 0.1% dip.·         On a year-over-year basis, the inflation rate dropped to 0.7% from 1.1%.·         The Bank of Canada’s core measure increased 0.2% on an unadjusted basis in the month, which was in line with market expectations. The year-over-year... read more.

Canadian employment rose a modest 13,200 in October

(November 11, 2013)

·          Canadian employment in October 2013 rose a modest 13,200 although this was slightly above both market expectations of an 11,000 gain and September’s increase of 11,900.·          The October unemployment rate unexpectedly remained unchanged at 6.9%.·          The overall increase in employment was led by service-producing jobs rising by 25,400 which more than offset a 12,200 drop in goods-producing.·          Canadian fir... read more.

Canadian housing starts unexpectedly rise in October

(November 11, 2013)

·         Housing starts edged higher by 1.2% to an annualized 198,300 in October 2013, thereby defying market expectations for a 190,800 reading in the month.·         The increase in overall housing starts reflected increased activity among rural starts (12.9%). A pullback in urban single-unit starts (-1.7%) offset a modest gain in the urban multiple-unit component (0.9%) to keep urban starts steady in the mont... read more.