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||1.89||1.00 %||Feb 15|
|Exchange Rate||1.32||0.15 %||Feb 19|
|Stock Market||15,937||0.23 %||Feb 19|
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February 13, 2019
House prices edged down 0.05% on a seasonally-adjusted monthly basis in January, according to the Teranet-National Bank National Composite House Price Index (December: -0.30% month-on-month).
February 8, 2019
Housing starts on a seasonally-adjusted annualized (SAAR) basis fell to 207,968 units in January, according to the Canada Mortgage and Housing Corporation (CMHC).
February 6, 2019
The Ivey Purchasing Managers’ Index (PMI), prepared by the Richard Ivey School of Business, dipped to 54.7 in January from 59.7 in December.
February 1, 2019
In January, the seasonally-adjusted IHS Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 53.0 from 53.6 a month earlier, an over two-year low.
January 31, 2019
Matching analysts’ expectations, the economy shrank 0.1% month-on-month in November, following a 0.3% month-on-month expansion in October.