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Economy News

Manufacturing activity shrinks for third month in April
Activity in the Canada's manufacturing sector shrank in April for the third month in a row as the new orders measure fell to its lowest level on record amid weaker demand in the energy sector, data showed on Friday.
Posted on 5-01-2015 at 10:10 AM
February GDP stalls as retail gains offset oil decline
Canada's gross domestic product was unchanged in February, compared with economists' forecast for a contraction, as a plunge in oil rigging and drilling was offset by gains in consumer spending.
Posted on 4-30-2015 at 9:41 AM
Fed points to softer U.S. labour market, weak economic growth
The Fed's policy statement puts it on track to begin a meeting-by-meeting approach toward deciding when to pull the trigger on its first rate hike since June 2006.
Posted on 4-29-2015 at 2:10 PM
Degree of housing overvaluation not unusual, no risk of bubble: Poloz
Bank of Canada Governor Stephen Poloz said on Tuesday it was not unusual to see an overvaluation in home prices given the market's long rally but reiterated the country was not in the midst of a housing bubble.
Posted on 4-28-2015 at 10:02 AM

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