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canada economy

Bank of Canada head raises prospect of rate cuts as growth fears mount, FT reports

Bank of Canada Governor Tiff Macklem opened the door to increasing the pace of interest rate cuts, the Financial...

Published 15 Sep, 2024 10:13am

Business & Finance

Bank of Canada hikes rates to 4.75%, highest in 22 years

OTTAWA: The Bank of Canada on Wednesday hiked its key overnight benchmark rate to 4.75%, the highest level in 22...

Published 07 Jun, 2023 07:48pm

Business & Finance

Canada forecasts lower 2023 growth, possible ‘shallow recession’

OTTAWA: Canada could fall into a “shallow recession” this year, according to a worst-case scenario outlined in...

Published 31 Mar, 2023 06:45am

Business & Finance

Canada economy stalls in 2022 fourth quarter

OTTAWA: Canada’s economy stalled at the end of 2022 with zero growth, the government statistical agency said...

Published 06 Mar, 2023 07:36am

World

Canada July factory sales drop 0.9% on metals, petroleum

Canadian factory sales fell 0.9% in July from June, mainly due to decreases in primary metal industries and...

Published 14 Sep, 2022 06:55pm

World

Canada’s jobless rate unexpectedly jumps as economy sheds more jobs

OTTAWA: Canada shed jobs for a third straight month in August and the jobless rate unexpectedly jumped to 5.4%,...

Published 09 Sep, 2022 07:08pm

World

Canada posts trade surplus as chip shortage slashes imports, more pain predicted

Imports dropped 4.7% on a 22.1% plunge in shipments of motor vehicles and parts, as many manufacturers in North America and abroad stopped or slowed production.
Overall exports fell by 1.0% as shipments of motor vehicles and parts dove 18.1%.

Published 08 Jun, 2021 08:26pm

World

Canada Pension Plan Investment Board records 21.4pc rise in net assets in FY2021

CPPIB said net assets increased to C$497.2 billion ($410.40 billion) on the fiscal year-end, up from C$409.6 billion a year prior.
Most asset classes made gains over the period, with Canadian public equities and energy and resources real assets being the most profitable, returning 40.8% and 45.8% respectively.

Published 20 May, 2021 07:24pm

World

Canada annual inflation rises at fastest pace in a decade in April

Canada's annual inflation rate rose to 3.4%, from 2.2% in March, Statistics Canada said. Analysts polled by Reuters had expected the annual rate to rise to 3.2% in April.
CPI common, which the Bank of Canada calls the best gauge of the economy's underperformance, was 1.7%, in line with analyst expectations. CPI median and trim both rose to 2.3%.

Updated 19 May, 2021 07:31pm

World

Canada adds 634,800 jobs in March

The February data was revised to show 271,700 jobs were gained rather than a decline of 100,800. The report, derived from ADP's payrolls data, measures the change in total non-farm payroll employment each month on a seasonally adjusted basis.

Published 15 Apr, 2021 06:44pm

World

Canada adds 303,100 jobs in March, unemployment rate falls to 7.5pc

Employment in the goods-producing sector increased by 43,200 jobs, while service sector jobs rose by 260,000. Part-time employment rose by 128,000, with 175,000 new full-time positions.
"Clearly the economy was much more open than many believed and I do think the very mild weather contributed to this very robust comeback," said Doug Porter, chief economist at BMO Capital Markets.

Published 09 Apr, 2021 07:30pm

World

Canada posts strong February job gains, unemployment drops sharply

With the addition of 259,200 jobs in February, Canada recouped nearly all the losses of the previous two months and beat the average analyst prediction of 75,000 new jobs.
Employment remains 3.1% below pre-pandemic levels, while the number of long-term unemployed fell by 9.7% from a record high of 512,000 in January.

Updated 12 Mar, 2021 09:13pm

Markets

Canadian dollar gains as lower bond yields boost sentiment

Canadian dollar rises 0.3% against the greenback.
Loonie trades in a range of 1.2590 to 1.2685.
Price of US oil dips 0.1%.
Canadian bond yields ease across a flatter curve.

Updated 09 Mar, 2021 09:34pm

Markets

Canadian dollar keeps pace with broadly stronger greenback

Loonie trades in a range of 1.2622 to 1.2699.
Price of US oil falls 1.2%.
Canada's 10-year yield touches a 14-month high at 1.545%.

Updated 08 Mar, 2021 10:17pm

World

Canada's economy posts 9.6pc annualized growth in Q4

"There are a lot of moving parts here but overall I would say this is generally better than expected," said Doug Porter, chief economist at BMO Capital Markets.
The Canadian dollar was trading 0.1% lower after the data at 1.2661 to the greenback, or 78.98 US cents, easing back from a rally the previous day.

Published 02 Mar, 2021 08:44pm

World

Canada sees biggest jobs decline in eight months in January: ADP

December data was revised to show 338,200 jobs were gained rather than a decline of 28,800.
The report, which is derived from ADP's payrolls data, measures the change in total nonfarm payroll employment each month on a seasonally-adjusted basis.

Published 18 Feb, 2021 08:19pm

Business & Finance

Air Canada posts biggest annual loss in nearly two decades as virus hits bookings

Airlines have been among the hardest hit by the coronavirus crisis that has led people to avoid air travel.
Air Canada, which was forced to cut more than 20,000 jobs in 2020, has been negotiating with the Liberal government since November for aid to support jobs.

Published 12 Feb, 2021 06:35pm

Markets

Canadian dollar notches a 12-day high as oil climbs

Canada's most populous province of Ontario said it would extend a stay-at-home order in Toronto and nearby suburbs by two weeks, but residents of three largely rural public health regions can leave their homes starting on Wednesday.

Published 09 Feb, 2021 11:05am

World

Canada's COVID rules on leisure travel weighing on business

Latest travel rules also hitting business trips-execs.
Business aviation group seeks exemption for essential travel.
Manufacturing group wants clarity on rules.

Published 05 Feb, 2021 09:19pm

World

Canada loses 212,800 jobs in January, unemployment rate rises to 9.4pc

Canada lost 212,800 jobs in January, the largest monthly decline since April 2020, missing analyst estimates of a loss of 47,500 jobs.
We're going through a soft patch and better days are ahead. So I would view it as a transitory loss.

Published 05 Feb, 2021 07:30pm

World

Canadian manufacturing PMI slides to a 6-month low in January

Latest data signalled another month of expansion in the Canadian manufacturing sector.
The new orders index fell to 53.6 from 57.2 in December, while the measure of employment was down to 51.3 from 55.8.

Published 01 Feb, 2021 07:58pm

Markets

Canadian dollar rallies as economy grows faster than anticipated

Canadian dollar strengthens 0.5% against the greenback.
Canada's economy grows by 0.7% in November.
Price of US oil rises nearly 1%.
Canadian bond yields rise across a steeper curve.

Published 29 Jan, 2021 08:37pm

World

Canada economy better than expected in November, but impact of COVID-19 surge looms

The Canadian economy probably posted its biggest GDP drop on record in 2020, likely down 5.1% on the year,
"Canadian GDP ended 2020 on a much firmer footing than broadly expected, albeit after a brutal year," said Doug Porter, chief economist at BMO Capital Markets, in a note.

Published 29 Jan, 2021 08:21pm

World

Canada governor general resigns over harassment claims: media

Current and former staff at the governor general's office alleged that Payette bullied, yelled at and publicly humiliated staff, some of whom left her office in tears.

Published 22 Jan, 2021 09:42am

World

Canada loses 62,600 jobs in December, first decline since April

Canada lost 62,600 jobs, more than double analyst expectations of a decline of 27,500, while the unemployment rate edged up to 8.6%.
Due to both the continuing rise in virus cases... and the further curtailments of activity since the last survey.

Published 08 Jan, 2021 08:28pm

World

Canadian manufacturing activity increases at a record pace in December

The IHS Markit Canada Manufacturing Purchasing Managers' index (PMI) rose to a seasonally adjusted 57.9 in December from 55.8 in November.
It was the highest level for the index since the survey began in October 2010.

Published 04 Jan, 2021 08:49pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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