Current Account in Canada
Canada - Current AccountThe economy appears to have ended 2018 on a weaker note according to available Q4 data. Economic activity contracted month-on-month in November, dragged noticeably by the wholesale trade and manufacturing sectors, although one-time factors such as postal strikes and extreme weather may well have depressed the headline reading. Moreover, in seasonally-adjusted month-on-month terms, retail sales declined as did annualized consumer credit in December, while manufacturing sales fell throughout Q4. Looking ahead to Q1, momentum remains dim, with January’s Markit manufacturing PMI posting the weakest expansion in over two years. In the same month the housing market was soft, and the unemployment rate grew, albeit, due to more people looking for work. More positively, Alberta recently decided to increase its oil production cap for February and March, which should support the oil sector in Q1.
Canada - Current Account Data
|Current Account (% of GDP)||-3.2||-2.4||-3.6||-3.2||-2.9|
5 years of economic forecasts for more than 30 economic indicators.
Canada Current Account Chart
Source: Statistics Canada and Met the why particular calculations.
|Bond Yield||1.72||1.00 %||Mar 19|
|Exchange Rate||1.33||0.15 %||Mar 20|
|Stock Market||16,168||0.23 %||Mar 20|
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March 22, 2019
Consumer prices increased a seasonally-adjusted 0.3% from a month earlier in February, contrasting January’s 0.1% decline.
March 13, 2019
House prices fell 0.4% on a seasonally-adjusted monthly basis in February, according to the Teranet-National Bank National Composite House Price Index (January: -0.0%).
March 6, 2019
On 6 March, the Bank of Canada (BoC) left its target for the overnight rate unchanged at 1.75%, as widely expected by market analysts.
March 1, 2019
Economic momentum notably eased in the fourth quarter, with seasonally-adjusted annualized (SAAR) growth markedly decelerating to 0.4% over the previous quarter (Q3: +2.0% SAAR).
March 1, 2019
In February, the seasonally-adjusted IHS Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 52.6 from 53.0 a month earlier, marking a 26-month low.