Canadian economy eked out modest growth in January, with monthly gross domestic product rising slightly as strength in most goods-producing industries offset lingering manufacturing weakness.
Tag Archives economy
FCC raises inflation forecast on surging commodity prices
Canadian consumers may have little if any cushion remaining against future economic shocks, ag lender warns
Farm Credit Canada has raised its 2026 forecast for overall inflation as commodity prices spike due to war in the Middle East.
Canada December retail sales down 0.4 per cent; seen up 1.5 per cent in January
Canadian retail sales decreased by 0.4 per cent in December to $70 billion on a monthly basis, led by a drop in sales at motor vehicle and parts dealers, Statistics Canada said on Friday.
Canada October retail sales down 0.2 per cent; seen up 1.2 per cent in November
Canadian retail sales fell by 0.2 per cent in October from September to $69.44 billion, on lower sales at food and beverage retailers, Statistics Canada said on Friday.
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 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.
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
