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Canada GDP

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

Canadian economy grew 3.1pc in first quarter

OTTAWA: Canada’s economy grew by a higher-than-expected 3.1 percent in the first quarter after remaining...

Published 05 Jun, 2023 03:27am

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’s jobless rate drops to 5.5% in Feb, lowest since May 2019

Canada added a net 336,600 jobs in February, beating expectations, and the unemployment rate fell to 5.5%,...

Published 11 Mar, 2022 07:28pm

Business & Finance

Canada GDP grew at 5.4% annual rate in Q3: official

MONTREAL: Canada's economy grew at an annual rate of 5.4 percent in the third quarter, rebounding sharply from a...

Published 30 Nov, 2021 08:45pm

World

Canada approves Pfizer's COVID-19 vaccine for children, shipments to start immediately

OTTAWA: Canada on Friday authorized the use of Pfizer Inc's COVID-19 vaccine for children aged 5 to 11, paving the...

Updated 19 Nov, 2021 08:16pm

World

Canada inflation hits 18-year-high with election just days away

"The numbers released today make it clear that under Justin Trudeau, Canadians are experiencing an affordability crisis," says Erin O'Toole

Published 15 Sep, 2021 07:20pm

World

Tunisia's president says necessary to amend constitution

TUNIS: Tunisian President Kais Saied has announced plans to amend the constitution and form a new government months...

Published 12 Sep, 2021 11:44am

World

Canada adds 90,200 jobs in August, unemployment falls to 7.1%

"The first glance is that it should be pretty decent with plus 90 (thousand)," says Andrew Kelvin

Updated 10 Sep, 2021 06:30pm

World

Airlines reroute flights to avoid Afghanistan airspace

United Airlines, British Airways and Virgin Atlantic said they were not using the country's airspace

Published 16 Aug, 2021 10:50am

World

Tight Covid restrictions at the G7 summit

About 1,000 officers will be housed on a ship moored in Falmouth, the MS Silja Europa, which usually sails the Baltic Sea.

Published 11 Jun, 2021 10:06am

World

G7 countries move closer to tax plan for US tech giants

Previously, their role has not been recognized in international tax law.

Published 11 Jun, 2021 09:53am

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 loses more jobs than expected in May as lockdowns weigh

"The weakness was driven by ongoing restrictions in May," said Doug Porter, chief economist at BMO Capital Markets. "I would point out that almost all the declines were in part-time jobs, which is one mildly encouraging feature here."

Published 04 Jun, 2021 07:02pm

World

Trudeau apologizes to Italian-Canadians for WWII treatment

Prime Minister Justin Trudeau, addressing the House of Commons, also apologized for harm suffered by members of the community, with about 31,000 declared "enemy aliens."

Published 28 May, 2021 11:06am

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 calls for protecting journalists after Gaza strike

"Their safety and security must always be ensured," he said on Twitter.

Updated 16 May, 2021 05:09pm

World

Canada loses 207,100 jobs in April, unemployment rate rises to 8.1pc

Some 207,100 jobs were lost in April, more than the average analyst prediction of a loss of 175,000. The unemployment rate climbed to 8.1%, missing analyst expectations of 7.8%. Employment remains 2.6% below pre-pandemic levels.
Full-time employment was down by 129,400 while part-time employment fell by 77,800 positions.

Published 07 May, 2021 06:58pm

Markets

Canadian dollar rises by most in 11 months as commodities jump

Analysts expect Canada's employment report on Friday to show the economy shed 175,000 jobs in April as restrictions were tightened in some provinces to contain the coronavirus pandemic.

Published 07 May, 2021 11:22am

World

Canada's minority government survives confidence vote

Conservatives voted against the budget, as did the independent Bloc Quebecois and the Greens.

Published 27 Apr, 2021 10:53am

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 posts blockbuster job gain in March, but new lockdowns set to weigh

Statistics Canada said the country added 303,100 jobs in March, triple analyst expectations of 100,000, as a number of industries continued to recover from December and January shutdowns.
"This is another strong jobs report," said Ryan Brecht, a senior economist at Action Economics. "However, the outlook for April activity has been dented by the return of regional lockdowns."

Published 09 Apr, 2021 08:45pm

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's lagging COVID-19 vaccine campaign set to ramp up as virus variants spread

Canada has lagged other rich countries in inoculations even though it ordered enough doses to vaccinate the population five times over late last year.
Shipments of 4.7 million doses are expected this week and next - 2.4 million from Pfizer Inc, 846,000 from Moderna Inc and a 1.5 million-dose loan of AstraZeneca's vaccine from the United States, according to federal forecasts and recent announcements.

Published 24 Mar, 2021 09:57pm

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Cotton US¢/pound / Jan 30	66.57
Petrol/Litre / Jan 31	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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