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Canadian economy

Canada adds 230,700 jobs in June, unemployment falls to 7.8pc
World

Canada adds 230,700 jobs in June, unemployment falls to 7.8pc

  • The country added 230,700 jobs in June, beating analyst expectations of 195,000, as public health restrictions were eased in several regions of the country, Statscan said. The unemployment rate was 7.8%, just short of expectations of 7.7%.
Published 09 Jul, 2021 06:12pm
Canadian dollar slides as inflation risk hits sentiment
Markets

Canadian dollar slides as inflation risk hits sentiment

  • Canadian dollar falls 0.6% against the greenback.
  • Loonie touches its weakest since last Friday at 1.2114.
  • Oil touches its highest since October 2018 at $69.40 a barrel.
  • Canadian bond yields rise across much of a steeper curve.
Published 03 Jun, 2021 08:53pm
Canada retail sales seen plunging in April as restrictions tightened
World

Canada retail sales seen plunging in April as restrictions tightened

  • Statscan also said March retail trade rose by 3.6% from February, thanks in part to higher sales at building material and garden equipment and supplies dealers. Analysts in a Reuters poll had forecast a 2.3% increase.
  • The Canadian dollar, which has been flirting with six-year highs against the US dollar, held onto earlier gains and was trading up 0.1% on the day at C$1.2040 to the greenback, or 83.06 US cents.
Published 21 May, 2021 07:25pm