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Canada’s economy rebounds with stronger manufacturing, construction
After a worrisome drop of half a percentage point in June, Canada’s real gross domestic product grew 0.6 per cent in July, Statistics Canada reports. Several sectors of the economy, including...
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Manufacturing gains in September driven by auto and food industries
Canada’s manufacturers saw widespread sales gains in September, the fourth increase in five months. Sales rose in eleven of the twenty-one industries tracked, reaching their highest level since June of...
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Economy shows strength in third quarter
Most of Canada’s important industrial sectors increased their production in the third quarter. resulting in an annual growth in GDP of 2.7 per cent, Statistics Canada reports. This is virtually on par...
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Manufacturing up again in October
For the fourth consecutive month, Canada’s economy grew in October, Statistics Canada reports. GDP grew by 0.3 per cent in October, with significant gains in manufacturing and service industries. In...
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Manufacturing sales rose sharply in some sectors in January: Statistics Canada
Sales of Canadian manufactured goods rose 1.5 per cent to $50.4 billion in January, Statistics Canada reports. Most of the higher sales were in food, primary metal, and miscellaneous industries. It was...
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Consumer spending drives strong GDP growth in second quarter
Almost every sector of Canada’s economy expanded in the second quarter of the year, Statistics Canada reports. The annualized growth rate of 3.1 per cent was greater that had been forecast by the Bank...
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Technically a recession, but is it already over?
As recessions go, most commentators agree that this is a mild one. Canada’s real GDP shrank 0.1 per cent in the second quarter, following a 0.2 per cent contraction in the first quarter, according to...
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Economy showed mix of strength (exports), weakness (investment) in Q3
Stronger exports were enough to grow Canada’s economy by a healthy 2.3 per cent in the third quarter, though a worrisome contraction of 0.5 per cent in September has economists talking about a loss of...
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Manufacturing closer to stabilizing in January: report
Ontario manufacturing continues to be the bright spot in the Canadian economy, in the words of RBC chief economist Craig Wright. He was commenting on the latest RBC Canadian Manufacturing Purchasing...
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Canada’s manufacturing sales rose in 2016, led by cars, food
A drop in machinery manufacturing sales in 2016 is largely attributable to the slump in Alberta’s oil sector, says Statistics Canada. Manufacturing sales rose in 2016 after declining in 2015,...
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“Fireworks” in Canada’s economy as GDP rises 2.3 per cent in January
Canada’s economy grew at an annualized rate of 2.3 per cent in January, reports Statistics Canada, with widespread growth reported in both goods and service-producing industries. The actual increase...
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