Canadian employment fell for the second time in three months in February, a surprise decline led by a drop in government workers.
Canada’s merchandise trade deficit narrowed more than economists forecast in January as imports fell from a record.
Sluggishness in Canada’s economy may be explained by forces that are restraining inflation and business investment worldwide, a central bank official said.
Record Canadian housing construction led a faster-than-expected gain in building permits in January, government data showed as the central bank said any further housing stimulus could bring “trouble.”
Bank of Canada Governor Stephen Poloz kept his main interest rate unchanged and reiterated the next move depends on the progress of economic data after early signs of faster growth and inflation.
Following is the text accompanying the Bank of Canada’s decision to leave its benchmark overnight rate target at 1 percent. The statement was released today in Ottawa.
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.
Canadian consumer sentiment rose for a third straight week as optimism about personal finances led gains in all categories of the Bloomberg Nanos Canadian Confidence Index.
Canada’s economic growth unexpectedly accelerated in the fourth quarter as consumers kept spending and companies added to inventories.
Chinese executive pay is looking more Western.