(June 9, 2017) — “The jump in employment in May continued an unusually long streak of gains for a survey that is typically very volatile,” said Janzen. “The 55,000 surge in employment marked the 16th gain out of the last 18 months.”

(June 8, 2017) — “If changes in regulation simply improve one segment at the expense of another, how well are they containing vulnerabilities from rising debt levels, and will they be effective in reducing market imbalances?” Nye asked.

(June 7, 2017) — “RBC acknowledge that some of the concerns are valid, especially given that households continue to take on debt and the debt-to-income ratio clocks in at record highs nearly every quarter,” said Cooper.

(May 31, 2017) — “The 3.7 percent GDP jump in first quarter marked a third consecutive gain above our estimate of the economy’s ‘potential’ long-run growth rate and a third consecutive out-performance relative to the United States,” said Janzen.

(May 26, 2017) — Consumer spending growth remained modest but was revised up slightly to 0.6 percent from 0.3 percent previously, and an already-strong business investment gain was revised up to 11.4 percent, marking the strongest quarterly increase in five years, RBC Economics reported.

(May 25, 2017) — “The tone of the bank’s assessment appears to us to be more upbeat as policymakers gave a nod to both global and domestic conditions having improved with the bank anticipating very strong growth in the first quarter,” said Desjardins.

(May 19, 2017) — Nominal retail sales in Canada rose 0.7 percent, led by a 3.2 percent increase in motor vehicle sales. The year-over-year rate of headline CPI inflation was unchanged at 1.6 percent in April, while expectations were for a modest rise to 1.7 percent.

(May 19, 2017) — “The steep drop in the Canadian dollar since oil prices plunged in 2014 has provided a boost to the travel sector,” said Cooper. “Last year, a record one in five tourists who came to Canada were from countries other than the United States, double the rate seen a decade ago.”

(May 12, 2017) — “Strong employment growth, rising wages and consumer confidence, and the still stimulative stance of monetary policy are all pointing to a solid household spending backdrop. Recent data remains in line with our forecast for a 2.8 percent increase in consumer expenditures in Q2.

(May 5, 2017) — April payroll employment rose a stronger-than-expected 211,000 returning to a pace of increase evident in the first two months of the year and indicative that the March moderation to 79,000 was an anomaly, RBC Economics reported today.

(May 4, 2017) — The Fed explicitly noted that slower first-quarter activity is “likely to be transitory” and that growth should return to a moderate pace even as monetary policy stimulus continues to be gradually pared back, said Economist Josh Nye.

(May 3, 2017) — “With the U.S. even threatening a full withdrawal from NAFTA, further signs of a breakdown in the bilateral trade relationship are significant,” said Cooper.

(May 1, 2017) — “Price gains in and around the Toronto region are at eye-watering levels, raising red flags about the stability of the market and prompting intervention by the Ontario government,” said Cooper. “How vulnerable is the Canadian economy to a housing downturn?”

(May 1, 2017) — “A 0.3 percent tick increase in spending in volume terms provides the first sign that spending is bouncing back after a weak 0.3 percent annualized increase in all of the first quarter that looks decidedly out of line with underlying strength in labor markets, rising consumer confidence, and still extremely low interest rates,” said Janzen.

(April 28, 2017) — Canada’s gross domestic product (GDP) remained unchanged in February following a solid .6 percent jump in January. Even though the real GDP output amounted to 2.49 percent, Bank of Canada showed little indication to immediately start to tighten policy.

(April 28, 2017) — Nominal Canadian retail sales dipped 0.6 percent in February following a 2.3 percent surge in January. Weakness was concentrated in motor vehicle sales and a price-led drop in gasoline station receipts, RBC Economics reported.

(April 21, 2017) — Alongside continued modest wage growth to-date in 2017, today’s report will provide further ammunition to the Bank of Canada’s argument that the economy continues to run materially below its long-run production capacity,” said Janzen.

(April 19, 2017) — Today’s Federal Reserve Beige Book report can be added to the list of surveys and other ‘soft’ indicators that point to an improving economic backdrop in the first quarter even as ‘hard’ data have been less impressive, RBC Economics reported.

(April 12, 2017) — The report highlights that temporary factors underpinned the uptick and concludes that it’s “too early” to say the economy will stay on this firmer growth trajectory, RBC Economics reported.

(April 7, 2017) — In the United States, payroll employment rose a smaller-than-expected 98,000 with market expectations for a much stronger 180,000 increase. In Canada, 19,400 new jobs were created meaning 276,000 more people were working this year compared to this time last year.


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