Canadian Job Losses Resume; Unemployment Rate Rises
Canadian Job Losses Resume; Unemployment Rate Rises
After a surprising 35,900 rise in employment in April, Canadian labour markets returned to shedding jobs with employment falling 41,800 in May. A return to declining employment had been widely expected given the announced shutdowns in the auto sector in May. The unemployment rate resumed its upward trajectory, rising […]
Canadian companies sell more bonds, borrow less cash in Q1
Canadian companies sliced their corporate borrowings by more than half in the first three months of the year, Statistics Canada said Tuesday.
The agency said Canadian non-financial firms borrowed $25.5 billion for the first quarter of 2009. That represented a decline of more than 55 per cent from the October-to-December period of 2008, when companies tapped […]
Canadian Housing Starts Drop
Canadian Housing Starts Drop
CAD Housing Starts Actual 117k, Expected 140k, Previous 147k
Release Explanation: This report covers the number of new residential Starts reported on a seasonally adjusted annualized basis. “The report acts as a leading indicator on housing market sentiment and the overall economy because they have an important influence on new […]