Economic Indicators

Home sales rise, reverse downtrend

Canada home sales edged up for the first time in five months reversing the downward trend in the housing market, according to data released by the Canadian Real Estate Association (CREA). The association says seasonally adjusted national home sales activity via the Multiple Listing Service in August rose 4.1% from the previous month. The recovery […]

By Staff |September 15, 2010

2 min read

Jobless rate tops 8.1% in August

Despite the creation of nearly 36,000 new jobs, Canada’s unemployment rate rose to 8.1% in August, according to StatsCan. The net gain of 36,000 jobs may look good at first glance, but it includes the return of 68,000 education workers. The rise in unemployment stems from an increase in the number of people actually looking […]

By Steven Lamb |September 10, 2010

2 min read

Canada’s growth to continue: RBC

Canada’s economy may be slowing, but it will not be stalling. According to the latest Economic Outlook report from RBC, Canada’s economy is on pace to modestly rebound over the second half of the year. RBC is predicting GDP growth of 3.3%. That’s down from 3.6% projected last quarter. “While Canada’s second quarter growth put […]

By John Powell |September 10, 2010

5 min read

More U.S. regions report slower growth: Fed

The Federal Reserve says more regions in the United States are reporting slower growth as a result of the U.S. economy losing momentum in the late summer. Although the economy was still growing in late summer, the Fed says there were “widespread signs of deceleration.” The latest Beige Book survey by the Fed says economic […]

By Wire services |September 8, 2010

1 min read