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Economy News

March factory sales rebound 2.9 percent after two big falls
Canadian manufacturing sales, pushed up by gains in the aerospace and auto sectors, rebounded by 2.9 percent in March from February after big falls the previous two months, Statistics Canada said on Friday.
Posted on 5-15-2015 at 10:05 AM
Financial authorities considered unlikely to tamper with inflation target during review
Canadian financial authorities are unlikely to raise the country's inflation target after a review this year given the risk to the central bank's credibility and widespread support for the existing benchmark, economists say.
Posted on 5-14-2015 at 5:45 AM
Policy-makers in a bind over Canada’s two-speed housing market
Canada’s housing market has been a study in contrasts ever since a drop in oil prices and an interest-rate cut cooled home sales in Alberta and Saskatchewan while fuelling double-digit growth in Toronto and Vancouver.
Posted on 5-11-2015 at 7:30 AM
U.S. job growth regains steam, keeping Fed rate hike on track
The report showed steady gains in hourly earnings, suggested underlying strength in the economy at the start of the second quarter after growth hit a soft patch at the start of the year.
Posted on 5-08-2015 at 8:46 AM
Canada loses jobs in April as unemployment rate holds at 6.8%
Economy loses 19,700 jobs in April on the biggest drop in part-time work in four years, reflecting the damage to the economy caused by lower oil prices.
Posted on 5-08-2015 at 8:41 AM
Building permits surge in March
The value of Canadian building permits saw its biggest increase in six months in March, helped by a gain in construction intentions for multi-family homes in Ontario and British Columbia, data from Statistics Canada showed on Thursday.
Posted on 5-07-2015 at 9:14 AM
Energy sector braces as Alberta ushers in NDP majority
The end of the Progressive Conservative dynasty in Alberta had an immediate effect on energy stocks, which brought the S&P/TSX composite index down by triple digits Wednesday morning.
Posted on 5-06-2015 at 1:23 PM
Canada posts record trade deficit in March on lower energy prices
The shortfall exceeded the highest forecast of $1.33 billion in a Bloomberg economist survey with 15 responses, which had a median forecast predicting the trade deficit would narrow.
Posted on 5-05-2015 at 9:11 AM

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