Canada's retail sales shrank by 1.1 per cent in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.
Tag Archives economy
Canada’s retail sales shrink as tariffs bite, June expected to improve
Food and beverage saw declines, led declines in beer, wine and liquor sales and declining convenience store transations
Canada’s annual inflation rate in June up slightly to 1.9 per cent
Rise in prices led by durable goods, clothing, footwear
Canada's annual inflation rate rose to 1.9 per cent in June, meeting analysts' expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on Tuesday.
Canada may be in recession
OTTAWA (Reuters) — The Canadian economy stalled in August and likely slipped into a shallow recession in the third quarter, data showed Oct. 31. It’s a sign that the central bank’s 10 interest rate hikes since last year are weighing on growth. With the economy stumbling along slower than the Bank of Canada forecast the […] Read more
Lentil shipments to Turkey expected to shrink
Soaring interest rates and a bigger crop will likely dampen the country’s appetite for imported lentils this year.
Disputes with China accelerated and frozen by COVID-19
Where will Canadian farmers stand in a new Cold War?
In some ways the COVID-19 crisis has frozen Canada’s and other countries’ disputes with China, drawing everybody’s attention to the immediate needs of preserving national healthcare systems, protecting people’s health, and dealing with the devastating job losses and business failures provoked by the coronavirus. Just today the U.S. government announced that over 30 million U.S. […] Read more
Supply? Demand? What are we dealing with?
Economists and analysts are wrestling with enormous uncertainty
Most of what goes into creating the price of crops and livestock comes from supply and demand. More supply and less demand? Probably lower prices. More demand and less supply? Probably higher prices. It’s a little bit more complex than that, but those are some of the basics. But how do you project future prices […] Read more
Farmers’ attitudes and realities evolve over a quarter-century
(And so does the observer)
Farmers sure have changed in the past 25 years. Or have I changed in the quarter-century I’ve been covering farmers and farming for The Western Producer? Do the same things just look different to my older, more experienced and physically degraded eyes? It’s probably a bit of both, but looking back over these 25 years […] Read more
Agriculture big contributor to Canada’s economy
WINNIPEG — A new report from Agriculture Canada says agriculture contributed $111.9 billion to Canada’s gross domestic product in 2016, which accounted for 6.7 percent of the country’s total GDP. The annual report, called An Overview of the Canadian Agriculture and AgriFood System released Nov. 10, provides a summary of the economic performance of the […] Read more
Manufacturing quietly powering Sask.
There are three primary ways to generate new wealth in an economy: grow it, extract it or manufacture it. For decades, Saskatchewan has been synonymous with the first two: an agricultural frontier, rich with both fertile ground and an abundance of natural resources from potash to diamonds to uranium. However, softened commodity prices and a […] Read more
Importance of agriculture finally realized
Potash and oil are traditionally huge in the Saskatchewan economy, but if the government relied on them to make budget this year, it would be a sorry situation. The real class among sectors is agriculture. The province’s mid-year report notes that business investment in such things as housing construction is partly fuelling the economy. The […] Read more
