Canada’s Economy Outperforming the U.S.

Canada's Economy Outperforming the U.S.Canada’s economy expanded at a 1.8 per cent annual pace during the last quarter, the same growth seen at the start of the year and slightly better than what economists were expecting. Statistics Canada said Friday that an increase in business investment was the biggest factor contributing to growth. Economists had been expecting a 1.6 per cent gain. The Bank of Canada, however, had been forecasting the 1.8 per cent…

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Where Are The Jobs?

Where Are The Jobs?If you’ve been wondering which job sectors have been showing the biggest gains or the largest loses then you’re in luck because Statistics Canada has released their new numbers.

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Canadian Economy Continues To Soar

Canadian Economy Continues To SoarCanadians appear to be a vehicle-buying mood, according to July figures in the latest Global Auto Report from Scotia Economics. It says Canadian sales advanced to an annualized 1.65 million units last month, lifting volumes at several automakers to the highest July on record. It was the second monthly rebound in a row after a weak performance in May.  Read More…

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Will the loonie lead crude this time?

Will the loonie lead crude this time?Historically, the CAD/USD exchange rate has tracked crude prices reasonably well. Using weekly data going back to 1983, the two series have a 67% correlation. In recent weeks, however, the Canadian has broken out and is powering towards parity with its American counterpart. In contrast, crude oil prices have languished in the $80 range. Will the Canadian dollar take a break from its recent hot streak, or is a rally…

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