Canada: January Retail Sales End 3-Month Slide
Canada: January Retail Sales End 3-Month Slide Retail sales up 1.9% in January Excluding-autos, sales up 1.3%
Canadian retail sales kicked off the year on a positive note, rising by 1.9% in January. Still, this increase was not nearly enough to offset the massive 5.4% decline seen in December. And coming off three consecutive months of […]
Ottawa to face bigger deficit: TD Bank
The recession is going to force the federal government much deeper into deficit than it forecast in its last budget, according to the Toronto-Dominion bank.
“The result is [an] all-time high deficit of $39.2 billion in fiscal 2009-10 and $42.3 billion in fiscal 2010-11,” said Toronto-Dominion chief economist Don Drummond in a statement.
“[It’s] well above the […]
Canada: Job Losses Mount in February
Canada: Job Losses Mount in February 82,600 jobs were shed in February and unemployment rate jumps to 7.7% Job losses centered on professionals and construction workers
With employment contracting by 82,600 in February, job losses exceeded market expectations. This is the fourth consecutive month of decline, and confirms an unmitigated and severe downward trend in Canadian […]