Canada’s inflation rate slowed to close to the bottom of the central bank’s target band last month on lower gasoline and clothing prices.
Trucking companies may need to put more vehicles on the road to support a recovery in U.S. residential construction, which might send their shares higher.
Canada’s economy lost the most jobs since the 2009 recession during October, led by declines in the manufacturing and construction industries, cementing projections that the recovery is slowing.
Canada posted the fourth highest trade deficit on record in November as shipments to Europe fell, suggesting the country’s economy is struggling to emerge from an export-driven slump.
Industrial production in the U.S. probably climbed in April for a sixth consecutive month, while homebuilding hovered near recession lows, economists said before reports today.
Canadian home sales rose last month at the fastest pace since August as a surge in transactions in Vancouver and Toronto offset a cooling elsewhere.
The Canadian dollar strengthened against its U.S. counterpart for the third day as investors seek higher-yielding currencies of commodity-exporting nations.
Canadian employment rose in line with economist forecasts in April as manufacturers added the most jobs in 11 months, adding to evidence of a modest expansion.
A Middle Eastern royal’s purchase in May of the penthouse suite and unit below it at Vancouver’s five-star Fairmont Pacific Rim hotel for C$40 million ($39 million) was the most expensive condominium purchase in Canada.
"Outside a few lingering hotspots, Canada's housing market is stable, if not boring, which is good in the face of dire warnings about a crash."
- Sal Guatieri on May 15, 2014