Unemployment in Canada
Canada - UnemploymentGrowth likely accelerated in the second quarter, after the first quarter’s weak showing. GDP data for April beat expectations, with the mining, quarrying and oil and gas extraction sector expanding strongly as production cuts eased in Alberta’s oil sands. Moreover, housing starts surged, which will have supported residential investment, while annual non-farm earnings growth jumped in April and the country registered a multi-decade low unemployment rate in the second quarter. That said, a decline in monthly retail sales in May suggests consumers remained cautious, while the average manufacturing PMI in Q2 was in contractionary territory for the first time in several years amid trade frictions and ebbing global growth. In politics, China suspended Canadian pork and beef imports in late June after a banned drug was allegedly found in a Canadian pork shipment in mid-June. The move highlights a broader deterioration in ties with the Asian giant.
Canada - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Canada Unemployment Chart
Source: Statistics Canada.
|Bond Yield||1.49||1.00 %||Jul 30|
|Exchange Rate||1.32||0.15 %||Jul 31|
|Stock Market||16,407||0.23 %||Jul 31|
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August 20, 2019
House prices increased 0.7% on a monthly basis in July, according to the Teranet-National Bank Composite House Price Index, down slightly from June’s 0.8% gain.
August 9, 2019
Housing starts on a seasonally-adjusted annualized rate (SAAR) basis fell to 222,013 units in July, according to the Canada Mortgage and Housing Corporation (CMHC), down from June’s revised 245,455-units reading (previously reported: 245,657) but beating market expectations.
August 1, 2019
In July, the IHS Markit Manufacturing Purchasing Managers’ Index (PMI) jumped to 50.2 from 49.2 in June.
July 31, 2019
The economy expanded 0.2% month-on-month in May, slightly down from April’s 0.3% increase but beating analysts’ expectations of a 0.1% expansion.
July 18, 2019
House prices ticked up 0.8% on a monthly basis in June, according to the Teranet-National Bank Composite House Price Index, up from May’s 0.5% increase.