Inflation eases to 2.8% as gas price growth slows; core numbers creeps up

Inflation eases to 2.8% as gas price growth slows; core numbers creeps up
OTTAWA — The country’s annual inflation rate eased to 2.8 per cent in August as still-rising gasoline prices advanced at a more-moderate pace, Statistics Canada said Friday. The agency’s latest number came in just below the previous month’s three per cent reading, which had pushed inflation to the top end of the Bank of Canada’s target range with the fastest price growth in seven years. The August result matched the expectations of economists, according to Thomson... Read More

BMO chief executive worried about trade, but confident about NAFTA deal

BMO chief executive worried about trade, but confident about NAFTA deal
TORONTO — The chief executive of the Bank of Montreal says that while the Canadian economy is showing positive growth in almost every province, one economic headwind worries him the most: trade. But as Canada’s negotiating team in Washington continues to try and bridge a divide that’s keeping the country out of a North American free trade pact, Darryl White says he believes a deal will eventually come... Read More

Canadian home sales rise by 0.9 per cent between July and August: CREA

Canadian home sales rise by 0.9 per cent between July and August: CREA
OTTAWA — The Canadian Real Estate Association says home sales rose by 0.9 per cent between July and August, marking the fourth consecutive monthly increase. The growth came as roughly half of all local markets saw a month-over-month increase, led by the Greater Toronto Area, along with gains in Montreal and Edmonton. Compared with a year ago, sales were down 3.8... Read More

OECD calls on Canada needs to spend more on aid to increase its global “heft”

OECD calls on Canada needs to spend more on aid to increase its global “heft”
OTTAWA — A major international report has concluded that the Trudeau government’s lofty rhetoric about being “back” on the world stage needs the added “heft” of more foreign aid spending. The Paris-based Organization for Economic Co-operation and Development reached that conclusion in a report released today by its Development Assistance Committee. The report is part of the OECD’s rotating five-year... Read More

Know your tolerance for a market downturn and stay calm when it hits: experts

Know your tolerance for a market downturn and stay calm when it hits: experts
TORONTO — Nobody can predict with accuracy when stock markets will end their record-setting bull run, but the best way for investors to deal with the next downturn is to remain calm and stick to a well-crafted plan. The current U.S. bull market became the longest on record as of Aug. 22, 2018, prompting many market observers to wonder when the party will come to an end. “The... Read More

CMHC says annual pace of housing starts slowed in August compared with July

CMHC says annual pace of housing starts slowed in August compared with July
OTTAWA — Canada Mortgage and Housing Corp. says the pace of housing construction starts slowed in August compared with July. The agency says the seasonally adjusted annual rate of housing starts was 200,986 units in August, down from 205,751 units in July. Economists had expected an annual pace of 210,300 starts for August, according to Thomson Reuters Eikon. The decrease came... Read More

Canada’s ever-volatile labour report posts ‘messy’ results for August

Canada’s ever-volatile labour report posts ‘messy’ results for August
OTTAWA — Canada’s seesawing employment report posted particularly volatile numbers last month that showed big, mid-summer gains had essentially been wiped out by August. The economy lost 51,600 net jobs last month in a decrease that helped drive the national unemployment rate to six per cent, up from 5.8 per cent in July, Statistics Canada reported Friday in its monthly labour force survey. Last month’s drop, fuelled by the loss of 92,000 part-time positions, largely eliminated July’s healthy net... Read More

US adds a strong 201K jobs; unemployment stays at 3.9 pct.

US adds a strong 201K jobs; unemployment stays at 3.9 pct.
WASHINGTON — Hiring in the United States picked up in August as employers added a strong 201,000 jobs, a sign of confidence that consumers and businesses will keep spending despite the Trump administration’s ongoing conflicts with its trading partners. The unemployment rate remained at 3.9 per cent, near an 18-year low. Friday’s August jobs report from the government also showed that... Read More