Canadian employment rebounded in March, climbing almost twice as fast as economists forecast, led by government workers.
Bank of Canada Governor Stephen Poloz, battling to bring inflation up to his target, isn’t getting much help from wages.
Canadian consumer confidence continued to decline last week as an election campaign in the French-speaking province of Quebec raises the prospect of a referendum on independence.
Job losses and trade deficits suggest the Canadian economy is slowing in the first quarter of this year with businesses failing to drive growth as policy makers predicted.
Surprising gains in output and inflation will probably keep Bank of Canada Governor Stephen Poloz from signaling looser monetary policy again after the central bank sent dovish messages on its last three announcement dates.
Severe weather even by Canadian standards has cast a chill on the country’s economic rebound.
Finance Minister Jim Flaherty said his government plans to introduce legislation to try to stop companies from charging higher prices in Canada than they do in the U.S.
Canadian wholesale sales recorded the biggest decline in December in six months amid severe weather that probably slowed economic growth.
Doug Porter, chief economist at the Bank of Montreal, said the Canadian dollar is overvalued by 5 percent to 10 percent given levels of commodity prices.
Canada’s economic growth unexpectedly accelerated in the fourth quarter as consumers kept spending and companies added to inventories.
"I would not look for any serious uptick in wage inflation anytime soon."
- Doug Porter on Mar 30, 2014
BMO’s Porter Sees April Payrolls Rising 130,000