Unemployment in Canada
Canada - UnemploymentAvailable data suggests the economy lost some impetus in the fourth quarter. Merchandise exports posted contractions in month-on-month terms in October and November as exports of energy products deteriorated severely. In November, retail sales also decreased notably due to reduced sales at gasoline stations and motor vehicle and parts dealers. In addition, house prices ebbed throughout the quarter, suggesting lower consumer demand. Nevertheless, the Ivey PMI was well in expansionary territory in Q4, economic growth in October rebounded and the unemployment rate ended the year at a multi-decade low. On the political front, the USMCA ratification is still contingent on U.S. Democrats’ congressional votes, raising concerns over a delay or potential renegotiations. Furthermore, the political rift with China, sparked by the arrest of a senior executive at Huawei on behalf of the U.S., could dampen economic relations with the Asian giant going forward.
Canada - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Canada Unemployment Chart
Source: Statistics Canada.
|Bond Yield||1.94||1.00 %||Jan 29|
|Exchange Rate||1.31||0.15 %||Jan 30|
|Stock Market||15,485||0.23 %||Jan 30|
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April 17, 2019
Consumer prices increased a seasonally-adjusted 0.3% from a month earlier in March, down from February’s revised 0.4% rise (previously reported: +0.3% month-on-month).
April 12, 2019
House prices fell 0.3% on a seasonally-adjusted monthly basis in March, according to the Teranet-National Bank National Composite House Price Index (February: -0.4%).
April 8, 2019
Housing starts on a seasonally-adjusted annualized (SAAR) basis climbed to 192,527 units in March, according to the Canada Mortgage and Housing Corporation (CMHC).
April 1, 2019
In March, the seasonally-adjusted IHS Markit Manufacturing Purchasing Manager’s Index (PMI) fell sharply to 50.5 from 52.6 a month earlier, marking the weakest expansion in two-and-a-half years.
March 29, 2019
Confounding analysts’ expectations, the economy grew 0.3% month-on-month in January, following December’s 0.1% month-on-month contraction.