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Tag Archives: RBC Economics

Canadian employment gains beat expectations

(Nov. 7, 2014) -- Employment increased in Canada by a robust 43,100 in October following a 74,100 surge in September. In America, October 2014 payroll employment rose by 214,000 and was below market expectations for a 235,000 gain, RBC Economics reported. Read More »

Initial jobless claims fall last week

(Nov. 6, 2014) -- "With another solid reading in the latest week, initial claims have come in under 300,000 for eight consecutive weeks, which is the longest streak since 2000," said Nye. "Furthermore, the four-week moving average of claims marked a fresh cycle low and now sits well below levels seen in the first half of 2014." Read More »

Canadian GDP revision show stronger growth

(Nov. 5, 2014) -- Growth from the fourth quarter of 2013 through the second quarter of 2014 is now reported as 2.9 percent, 1.0 percent, and 3.6 percent, respectively, compared to the 2.7 percent, 0.9 percent, and 3.1 percent increases previously reported, RBC Economics noted. Read More »

U.S. manufacturing activity rose in October

(Oct. 4, 2014) -- The improvement in the gauge of manufacturing activity, which defied market expectations for a slowing to 56.2 in the month, matched the 59.0 reading recorded in August that had represented the highest index level since March 2011, said Cooper. Read More »

U.S. GDP jumps 3.5 percent in third quarter

(Oct. 30, 2014) -- "Much of the upward surprise on headline third-quarter GDP growth reflected an unexpected 4.6 percent jump in government spending that alone accounted for 0.8 percentage points of overall GDP growth in the quarter," said Janzen. "Consumer spending growth slowed to 1.8 percent." Read More »

Canadian retail sales drop, U.S. prices rise

(Oct. 23, 2014) -- Canadian retail sales declined by 0.3 percent in August 2014, slightly weaker than market expectations for a flat reading, RBC Economics reported. Consumer prices rose by 0.1 percent in September, slightly stronger than market expectations for no change in the month. Read More »

Jobless claims jump 17,000 last week

(Oct. 23, 2014) -- "Looking through these fluctuations, the four-week moving average of initial claims fell to its lowest level in 14 years and thus continues to point to rapid improvement in the U.S. labor market," said Nye. Read More »

Canadian consumer prices rise 2 percent in a year

(Oct. 17, 2014) -- "Excluding energy, inflation pressures picked up pace to average 2.0 percent in Q3, the quickest since late 2011," said Desjardins. "Further, today's report confirmed the broadening out of inflation pressures that started in August when 46 percent of the components of the CPI posted gains of at least 2 percent." Read More »

Retail sales decline 0.3 percent in September

(Oct. 15, 2014) -- "Expectations of decline were largely premised on indications of some easing in motor vehicles sales from the August surge," said Ferley. "This was confirmed with the motor vehicle component dropping 0.8 percent though expectations were for a drop closer to 2 percent. Read More »

Canadian employment soars in September

(Oct. 10, 2014) -- "The September data continues a very volatile pattern of monthly employment so far this year. It thus provides reason to be wary about putting to much weight on any single month’s change," Ferley explained. Read More »

Initial jobless claims fall last week

(Oct. 9, 2014) -- The four-week moving average of initial claims, which helps smooth out some of the weekly volatility in the measure, declined to 287,750 from 295,000 in the previous week. This left the measure at its lowest level since February 2006, said Economist Nathan Janzen Read More »

Canadian GDP remains unchanged in July

(Sept. 30, 2014) -- July GDP remained unchanged in the month following an unrevised 0.3 percent increase in June. The report was much weaker than anticipated with market expectations assuming a July monthly increase of 0.3 percent, RBC Economics reported today. Read More »

Personal spending rises 0.5 percent in August

(Sept. 29, 2014) -- Personal consumer expenditures increased by 0.5 percent in August, which was above market expectations for a 0.4 percent increase, and followed an upwardly revised flat reading (was -0.1 percent) in July and a 0.5 percent (was 0.4 percent) increase in June, RBC Economics reported. Read More »

Canadian inflation rate jumps to 2.1 percent

(Sept. 19, 2014) -- "Other data point to the economy posting another above-potential gain in the third quarter of 2014 with this week’s report on manufacturing sales showing a substantive increase in July that tees up for a solid rise in real GDP," she explained. Read More »