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30 Dec 2009
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RUBRIC NEWS : "ECONOMY"
29 Dec 2009
29 Dec 2009 09:50
Canada Dollar Gains to Strongest Since October on Global Growth
: Canada’s dollar climbed to the strongest level against its U.S. counterpart since October as signs the economic recovery is accelerating worldwide spurred demand for currencies tied to ...
23 Dec 2009
23 Dec 2009 10:22
Canadian Currency Advances to Strongest in Almost Two Weeks
: Canada’s dollar climbed to the strongest level in almost two weeks as crude oil, the nation’s biggest export, and global stocks rose. The currency strengthened versus its U.S. counterpart for a fourth straight day, gaining versus 15 of its 16 most-traded counterparts tracked by Bloomberg, as a government report showed ...
Canada's Economy Grew 0.2% in October on Real Estate, Utilities
: Canada’s economy grew 0.2 percent in October, less than economists expected, as gains in real estate services and utilities offset a drop in mining output. A jump in home sales led a 7.2 percent gain in the value of services from real estate agents and brokers, while unusually cold weather raised output at utilities by 2.4 percent, ...
23 Dec 2009 10:18
17 Dec 2009
Bank of Canada urges caution on household debt
: Bank of Canada Governor Mark Carney downplayed talk of a domestic housing bubble on Wednesday but warned home buyers and banks to avoid excess household debt, saying policymakers could take action to curb ...
17 Dec 2009 10:18
17 Dec 2009 10:17
Canada’s Dollar Weakens as Investor Risk Aversion Increases
: Canada’s dollar declined to a three- week low versus its U.S. counterpart as a drop in global stocks reduced demand for commodity-linked currencies. The dollar remained lower after a government report showed consumer prices rose at a 1 percent annual pace in November, the fastest in eight months, as a slump in gasoline costs linked to ...
17 Dec 2009 10:15
Canada inflation up more than expected in November
: Canadian consumer prices rose 1.0 percent November versus the same month a year before, a greater rise than economists had expected amid higher gasoline prices, Statistics Canada said Thursday. ...
11 Dec 2009
11 Dec 2009 09:50
Canada’s Dollar Trades Near One-Week High as Stock Futures Rise
: Canada’s dollar traded at almost a one-week high as U.S. stock-index futures advanced after a report showed China’s industrial production grew more than economists predicted. ...
10 Dec 2009
10 Dec 2009 10:30
Canada posts surprise trade surplus in October
: Canada posted a trade surplus of 428 million Canadian dollars (408 million US dollars) in October, as exports rose 3.4 percent and imports fell slightly by 0.8 percent, a government agency said Thursday. ...
10 Dec 2009 10:27
Canada’s Dollar Touches Highest This Week as Stocks, Oil Rise
: Canada’s dollar appreciated for a second day versus its U.S. counterpart, touching the strongest level this week as gains by stocks and crude oil burnished the appeal of currencies tied ...
08 Dec 2009
Canada building permits surge 18 percent in October
: Canadian building intentions soared past expectations in October, with the value of building permits rising 18 percent from September due largely to strength in nonresidential projects, Statistics ...
08 Dec 2009 10:17
Canada Banks May Pay C$200 Million in ABCP Deal
: Canadian banks and brokerages may pay less than C$200 million ($189.6 million) in fines for selling asset-backed commercial paper to clients before the market froze during the credit crisis, the Globe ...
08 Dec 2009 10:15
Canada's central bank leaves key rate unchanged
: Canada's central bank is holding its key interest rate at a record low 0.25 percent and is reiterating its expectation that it will keep the rate there until the middle of next year. The Bank of Canada said Tuesday that while significant fragility remains, global economic developments have been slightly more positive and the global outlook has improved modestly from the bank's ...
08 Dec 2009 10:11
07 Dec 2009
07 Dec 2009 09:21
Canada Building Permits Up 18% on Single Homes, Non-Residential
: Canadian building permits jumped 18 percent in October, led by work on single-family homes and non- residential projects, another sign that the country’s economy is recovering from a ...
07 Dec 2009 09:18
Canada’s Dollar Trades at Almost One-Week Low as Oil Falls
: Canada’s dollar was at almost the weakest level in more than a week before a meeting tomorrow of the nation’s central bank as raw materials such as crude oil, copper and gold declined. ...
04 Dec 2009
04 Dec 2009 10:01
Canada adds 79,000 new jobs in November
: Canada added 79,000 new jobs in November, pushing the unemployment rate down slightly to 8.5 percent and beating analysts' expectations, new figures released by Statistics Canada showed Friday. Forecasters had expected an increase of just 15,000 new jobs, after the Canadian economy lost some 43,000 jobs in October, and had expected that the number of new jobseekers would push the unemployment rate ...
03 Dec 2009
03 Dec 2009 10:12
Canadian Currency Little Changed Before Employment Reports
: Canada’s dollar was little changed against the greenback before employment reports tomorrow that are expected to show job cuts slowed in the U.S., and Canada added workers to payrolls. ...
02 Dec 2009
Canada’s Federal Government Says 97% of Stimulus Is Committed
: Canada’s federal government said almost all of its C$62 billion ($59 billion) fiscal stimulus package has been committed and warned provinces that the remainder would be withdrawn if they ...
02 Dec 2009 10:16
01 Dec 2009
Canada: Economy Out of Recession
: Canada’s economy grew for the first time in four quarters from July through September, signaling that the country’s first recession since 1992 has ended. Gross domestic product expanded at a 0.4 percent annualized ...
01 Dec 2009 10:45
01 Dec 2009 10:43
Canadian Currency Reaches Two-Week High as Oil, Stocks Rise
: Canada’s dollar appreciated to the highest level in more than two weeks against its U.S. counterpart as renewed appetite for higher-yielding assets burnished the appeal of currencies tied ...
30 Nov 2009
30 Nov 2009 10:38
Canadian Dollar Rises for First Time in 3 Days Before GDP Data
: Canada’s dollar strengthened for the first time in three days before a government report that’s forecast to show the nation’s economy grew at an annual pace of 1 percent in the third ...
30 Nov 2009 10:36
Canada Economy Grew at Less-Than-Expected 0.4% Pace
: Canada’s economy grew for the first time in four quarters in the July-through-September period, signaling the country’s first recession since 1992 has ended. Gross domestic product expanded at a 0.4 percent annualized rate in the third quarter, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg News forecast a 1 percent annualized ...
27 Nov 2009
27 Nov 2009 10:09
Canada Posts Record C$13.1 Billion Current Account Gap on Autos
: Canada posted a record current account deficit in the third quarter as imports, particularly of vehicles and parts, rose faster than exports. Payments sent abroad exceeded receipts from outside Canada by C$13.1 billion ($12.2 billion) from July to September, the most in records going back to 1946, Statistics Canada said today ...
27 Nov 2009 10:08
Canada’s Currency Heads for Biggest Two-Day Loss Since June
: Canada’s dollar was poised for its biggest two-day drop in more than five months as investors, shaken by Dubai’s attempt to reschedule its debt payments, sought to unwind bets in higher-yielding assets including commodity-linked currencies. ...
26 Nov 2009
26 Nov 2009 09:42
Visitors stay home as travel deficit hits record high, Statistics Canada reports
: Canada's international travel deficit widened to a record high $3.3 billion in the third quarter from $3.2 billion in the second. Statistics Canada reports the main contributor was a 0.8 per cent decline in spending by foreign travellers in Canada between the second and third quarters to $3.7 ...
25 Nov 2009
25 Nov 2009 10:35
Canada’s Dollar Climbs on Russian Central Bank Endorsement, Oil
: Canada’s dollar appreciated to the highest in a week after Russia’s central bank said it will add the currency to its reserves, and as crude oil and stock-index futures rose. ...
Canada Business Profits Rise for First Time in a Year
: Canadian business profits increased for the first time in a year between July and September, government figures showed. Operating profits advanced 7.9 percent in the third quarter to C$54.1 billion ($52 billion), Statistics Canada said today in Ottawa. ...
25 Nov 2009 10:33
24 Nov 2009
Canadian Employment Insurance Claims Advanced 7.1% in September
: The number of Canadians receiving jobless benefits rose in September, led by Ontario and the western provinces of Alberta and British Columbia. The number of unemployed people receiving regular benefits advanced 7.1 percent in September from August and 64 percent from the year-ago month to 818,000, Statistics Canada said today ...
24 Nov 2009 09:57
24 Nov 2009 09:55
Canadian Currency Falls as Crude Oil, Global Stocks Fluctuate
: Canada’s dollar weakened against its U.S. counterpart as crude oil, the nation’s largest export, and global equities swung between gains and losses, diminishing the appeal of currencies ...
23 Nov 2009
23 Nov 2009 10:47
Canada Dollar Gains Most in Two Weeks as Gold, Crude Oil Climb
: Canada’s currency appreciated the most in two weeks against its U.S. counterpart as gold and crude oil climbed, burnishing the appeal of currencies tied to commodity prices. ...
20 Nov 2009
Canadian Bankruptcies Rose 43% in September From Year Ago
: Canadian bankruptcies rose at a faster annual pace in September than a month earlier, the country’s bankruptcy superintendent reported on its Web site. The number of bankruptcies filed by consumers and businesses in Canada rose 43 percent in September from a year ago. Bankruptcies were up 34 percent in August. ...
20 Nov 2009 10:33
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