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.
Canada’s economic growth unexpectedly accelerated in the fourth quarter as consumers kept spending and companies added to inventories.
Canadian wholesale sales recorded the biggest decline in December in six months amid severe weather that probably slowed economic growth.
Canada’s consumer sentiment rebounded from a four-week slump after January job gains bolstered optimism and the nation’s currency pared losses.
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 home sales fell for a fifth month in January on fewer transactions in Toronto and Vancouver, adding to evidence the nation’s housing market is cooling.
The Bank of Canada kept its main interest rate unchanged and said the strength of the country’s dollar is hurting exporters, sending the currency to four-year lows.
Canadian existing home sales fell in December for a third month as the real estate market ended the year on a soft note after surging for much of 2013.
"The kind of expansion we're going to rotate into is not going to be very friendly for the labor market in the next year or two."
- Doug Porter on Mar 07, 2014
BMO’s Porter Sees April Payrolls Rising 130,000