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Tag Archives: RBC

Canadian third quarter GDP stronger than expected

(Nov. 29, 2013) -- "For overall GDP growth to continue to grow at an above-potential rate, greater strength will be needed from non-residential investment going forward as high household debt levels are expected to weigh on consumer spending and residential investment increasingly," said Ferley. Read More »

Canadian retail sales rise as inflation falls

(Nov. 22, 2013) -- Retail sales in Canada rose a stronger-than-expected 1.0 percent in September. Most of the increase in September was the result of a 4.7 percent jump in sales at motor vehicle dealerships. Earlier reported unit auto sales had pointed to an increase in sales at auto dealerships in the month, although not as large as the increase in today’s report. Read More »

October retail sales rise more than expected

(Nov. 20, 2013) -- The so called ‘control’ measure, which excludes sales at motor vehicle dealerships, gasoline stations, and building material stores, and also feeds directly into the GDP add up, rose a stronger than expected 0.5 percent. This followed a 0.3 percent gain in Septembe Read More »

Jobs report shows gains in U.S. and Canada

(Nov. 8, 2013) -- Payroll employment in the United States jumped a stronger-than-expected 204,000 in October following upwardly revised gains of 163,000 (was 148,000) and 238,000 (was 193,000) in September and August, respectively, RBC Economics reported. Read More »

Gross domestic product rises 2.8 percent in third quarter

(Nov. 7, 2013) -- "The unexpected pick-up in overall GDP growth was despite moderation in the pace of growth in consumer spending to 1.5 percent from 1.8 percent in the second quarter," said Janzen. "As well, investment in equipment declined 3.7 percent, which was its first quarterly decline since the third quarter of 2012." Read More »

Canadian GDP rises more than expected

(Nov. 1, 2013) -- The 0.3 percent gain in service-producing industries reflected widespread increases in a number of components. The increase was led by a 1.3 percent increase in accommodation and food services and a 0.7 percent rise in the management-services component. Statistics Canada attributed the increase in the former to “an increase in the number of overnight travelers to Canada.” Read More »

U.S. industrial production jumps 0.6 percent in September

(Oct. 28, 2013) -- "While most of the headline increase in September reflected a jump in the volatile utilities component, the gain in manufacturing output in the month, while modest, built on a stronger increase in August and, despite a drop in July, left the measure still up an annualized 1.3 percent in the third quarter of 2013 as a whole," said Janzen. Read More »