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👤Arthur Greene
🕔October 8, 2016
On Friday, there was a spike in the Canadian Ivey Purchasing Managers Index (PMI) as it recorded a value of 58.4 in the month of September in terms of seasonal adjustments after a previous reading of 52.3 in August, which signals growth for the Canadian economy.…
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👤Nurudeen Amedu
🕔October 1, 2016
There was a 0.5% rise in the Canadian GDP for the month of July on the trail of the previous 0.6% growth in June and May’s 0.6% decrease, this brings the year on year increase to 1.3%. The most recent GDP release will help alleviate concerns about the GDP outlook, but subsequent growth is necessary to fully reverse the market sentiment.…
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👤Arthur Greene
🕔September 20, 2016
Stephen Poloz, Bank of Canada Governor has urged the country’s policy makers to forge ahead with measures to ease trade restrictions and spend more on infrastructure as a means to raise the currently weak long term growth rates. In a statement delivered in the city of Quebec, he said an aging population and other factors have dragged down the country’s “potential” growth rate to about 1.5%, further raising the downward pressure mounted on interest rates that goes well beyond efforts by the central bank to stimulate the economy.…
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👤Nurudeen Amedu
🕔September 10, 2016
Canadian employment figures came in stronger than the anticipated increase of 21,600, as it posted a higher growth of 26,200 for the month of August on the trail of a slump of 31,200 in the previous month. There will however be near term uncertainty concerning the underlying labor market trends.…
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👤Nurudeen Amedu
🕔September 2, 2016
There was a decline in the most recent RBC Markit Canadian manufacturing PMI index figures as it fell from 51.9 reported in July to 51.1 for the month August, this was its lowest reading in six months. Despite the fact that the figures still signify expansion, its shortcomings will spur disappointment in the market, mostly due to the slump in export orders in the current month.…
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👤Arthur Greene
🕔August 1, 2016
The Canadian dollar has more recently been hit by wave after wave of turbulence mostly arising from the volatility surrounding oil prices. The Canadian dollar last week reached its least in four months against the US dollar, a significant reason for this fall is the slump in crude oil price.…
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