In March, consumer prices added 1.1% over the previous month, well above both the 0.3% increase observed in February and market expectations of a 0.6% rise. As a result, annual headline inflation jumped from 2.2% in February to 3.3% in March, the highest rate since September 2008. Most of the upward pressure on inflation came from higher energy prices, which spiked 12.8% on an annual basis (February: +10.6% year-on-year) and to a lesser extent from rising food prices (+3.3% yoy). Annual core inflation, which excludes oil and fresh food prices, rose from a record low of 0.9% in February to 1.7% in March. The Bank of Canada updated its forecasts in April 2011 and now expects headline inflation to average 2.5% in 2011 and 2.1% in 2012.
Inflation surges in March driven by higher energy prices
April 19, 2011
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Canada Economic News
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.
September 30, 2016
In July, GDP grew a strong 0.5% over the previous month in seasonally-adjusted terms.
September 23, 2016
In August, seasonally-adjusted consumer prices recorded a 0.1% decrease over the previous month, which was down from the flat figure recorded in July and marked the lowest reading in six months.