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Manufacturing sector saw slight improvement in August: RBC
Canada’s manufacturing sector saw slightly improved conditions in August, according to the latest RBC Canadian Manufacturing Purchasing Managers’ Index (PMI). Employment in the manufacturing sector...
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Ontario’s food industry poised for growth
Ontario’s food processing industry intends to double its contribution to the province’s economy in the next seven years, adding 60,000 more jobs and increasing revenues to $70 billion. The Alliance of...
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Canada exports more than logs and oil
Canada’s economy is based on exports, and some of the most successful of those exports have traditionally been “primary” products, the products of the forestry, mining, agriculture, and oil and gas...
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June a very good month for manufacturers
Canada’s manufacturing industry experienced a “solid rebound” in June, the second quarter of 2014 ending on a “positive note” with the strongest output and business growth so far this year. That is the...
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Canada’s exports soared in June while imports fell
Canada’s trade surplus with the rest of the world more than tripled in June, growing from $576 million in May to $1.9 billion in June. Exports were up by 1 per cent, to $45.2 billion, while imports...
View ArticleDavie shipyard delivers “most complex” vessel ever built in NA
Shipbuilder Chantier Davie Canada Inc. announced today that the first of three construction vessels ordered by Norwegian oilfield services company Cecon ASA has been delivered. The ship is described as...
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Consumer spending drives strong GDP growth in second quarter
Almost every sector of Canada’s economy expanded in the second quarter of the year, Statistics Canada reports. The annualized growth rate of 3.1 per cent was greater that had been forecast by the Bank...
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Manufacturing output grew again in August
Canada’s factory output increased in August, reaching its highest level in nine months, as measured by the RBC Canadian Manufacturing PMI. Overall business conditions improved at their fastest pace...
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Manufacturing rose again in second quarter
Canada’s industries reached a production capacity of 82.7 per cent in the second quarter, up 0.6 per cent from the previous quarter, Statistics Canada reports. It was the fourth consecutive quarterly...
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Ontario economy set to grow based on exports, weaker dollar
Canada’s manufacturers set a sales record in July, beating the record set back in July of 2008. Sales were up 2.5 per cent, to $53.7 billion, with sixteen of the twenty-one industries tracked reporting...
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Manufacturing index rises, conditions “robust” in October: RBC
The latest survey of Canada’s manufacturers shows higher volumes of new orders and increased production levels in October as firms continue to hire workers to meet demand. Expansion of manufacturing...
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Jobless rate down, balance of trade up as economy shows strength
Once again, the economists got it wrong. A Bloomberg News survey of twenty-five economists had produced a forecast for 5,000 Canadian jobs lost in October. Instead, 43,100 jobs were created, enough to...
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Corporate profits up 8.8 per cent over last year: Statistics Canada
Auto industry posts highest revenues in seven years Canada’s corporate profits continued to rise in the third quarter of the year, Statistics Canada reports, rising 3.7 per cent from the previous...
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Continued strength in manufacturing in November: RBC
Strong increases in new orders and output volumes in November kept Canada’s manufacturers humming, while export sales were at their strongest in more than a year. This is the finding of the most recent...
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Strong manufacturing output lifts GDP in October
Broad-based growth in several major sectors of the economy lifted Canada’s GDP by 0.3 per cent in October, Statistics Canada reports. The growth was more robust than economists had expected, following...
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Critical labour shortage hurting meat industry; immigration policy blamed
The Canadian Meat Council (CMC) says it is experiencing a “severe and chronic shortage” of butchers and meat cutters, with at least 1,000 workers urgently needed to fill positions that are currently...
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Canada-US trade as it should be, but diversification desirable: report
Talk of reducing Canada’s over-reliance on trade with its biggest partner goes back at least as far as the time of Pierre Elliot Trudeau. As prime minister in the 1970s and 80s he attempted to raise...
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Manufacturing slowdown reflects oil and dollar declines
Canada’s manufacturing sector experienced a “sharp slowdown” in January according to the latest data from the RBC Canadian Manufacturing Purchasing Managers’ Index (PMI), with manufacturers apparently...
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Expect record-high auto sales in 2015: Scotiabank
Canadian auto sales were stronger that expected in 2014, rising 6 per cent to a record 1.85 million units. The Scotiabank Global Auto Report is projecting that sales will be even higher this year,...
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Manufacturing down in February in both Canada and US
After almost two years of continuous expansion, manufacturing production levels dropped in February. The decline, though not dramatic, reflects a falling confidence, the result of the ongoing “oil...
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