Industry in Canada
Canada - IndustryGrowth likely picked up in Q1 in SAAR terms following a much weaker-than-predicted Q4 last year, helped by a supportive base effect and inventory accumulation. In January, the economy outperformed expectations, driven by broad-based expansions in almost all industries, particularly construction and manufacturing. However, the expansion in Q1 was likely still modest overall. The unemployment rate ticked up in the quarter, while retail sales were muted in the first two months of the year, suggesting subdued household spending. Moreover, the manufacturing PMI maintained a downward trajectory throughout the quarter, suggesting the sector posted only a meager expansion. In political news, on 15 April the government discretely reduced retaliatory tariffs on some U.S. imports in a bid to proactively avoid losing domestic jobs. However, the move could in turn reduce pressure on the Trump administration to lift tariffs on Canadian steel and aluminum.
Canada - Industry Data
|Industrial Production (annual variation in %)||1.8||5.1||-0.9||0.1||5.2|
5 years of economic forecasts for more than 30 economic indicators.
Canada Industry Chart
Source: Statistics Canada.
|Bond Yield||1.73||1.00 %||May 11|
|Exchange Rate||1.35||0.15 %||May 13|
|Stock Market||16,193||0.23 %||May 13|
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May 15, 2019
Consumer prices increased a seasonally-adjusted 0.3% from a month earlier in April, down from March’s revised 0.4% rise (previously reported: +0.3% month-on-month).
May 14, 2019
House prices were virtually stable on a seasonally-adjusted monthly basis in April, according to the Teranet-National Bank Composite House Price Index (March: -0.3%).
May 8, 2019
Housing starts on a seasonally-adjusted (SAAR) basis surged to 235,460 units in April, according to the Canada Mortgage and Housing Corporation (CMHC).
May 1, 2019
In April, the IHS Markit Manufacturing Purchasing Manager’s Index (PMI) fell to 49.7 from 50.5 a month earlier.
April 30, 2019
The economy shrank 0.1% month-on-month in February, contrasting January’s 0.3% expansion and missing analysts’ expectations of a flat reading.