Economic News and Forecasts
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August 2019 Construction Permit Data Released
Oct 9, 2019 | Economic News and ForecastsStatistics Canada today released data on building permits for August 2019. Overall, building permit activity declined by 1.7%, from $10.0 billion to $9.8 billion. Residential activity increased by 7.2% ($6.4 billion in August compared with $6.0 billion in July) but non-residential permits declined...
July 2019 GDP Data Released
Oct 1, 2019 | Economic News and ForecastsStatistics Canada today released GDP data for July. Goods-producing industries' output fell by 0.7% while service-producing industries grew by 0.3%; the net result was no GDP growth for the month. Non-residential construction was up by 0.7% - the seventh time in eight months activity...
DHI Canada 2019 Q2 Economic Review and Forecast
Sep 18, 2019 | Economic News and ForecastsDHI Canada is pleased to present its 2019 Q2 economic review and forecast. We discuss late breaking information, including the recent drone strikes on Saudi Aramco.
Canadian Interest Rates Unchanged
Sep 5, 2019 | Economic News and ForecastsThe Bank of Canada left its target interest rate unchanged at 1.75% yesterday. This represents a balancing act between an unexpectedly strong GDP performance in Q2 on the one hand, and several moderating factors on the other - an expectation that GDP growth will slow in the balance of the...
Data on Canadian GDP Q2 2019 Released
Sep 5, 2019 | Economic News and ForecastsStatistics Canada released data for the second quarter gross domestic product August 30. Seasonally adjusted at annual rates and in 2012 dollars, the economy showed a surprising growth rate of 3.7%, helped by a 13.4% annualized increase in exports...
May GDP Data
Jul 31, 2019 | Economic News and ForecastsMay gross domestic product data was released by Statistics Canada today. It shows a total growth of 0.2% over April, led by manufacturing, which posted a gain of 1.2% for the month. Construction activity also grew by 0.9% month-over-month, although this was driven primarily by residential...
April GDP Data
Jun 28, 2019 | Economic News and ForecastsStatistics Canada today released data for monthly gross domestic product by industry. Overall, GDP grew by 0.3% in comparison with March. The construction sector also showed gains; the increase for all construction was 0.2% in April, while non-residential construction increased 0.7%...
April 2019 Investment in Building Construction
Jun 24, 2019 | Economic News and ForecastsStatistics Canada has released building construction investment statistics for April 2019. Overall building investment grew at a seasonally adjusted 2.5% to $14.87 billion current dollars over the March 2019 levels. Most of the growth came from residential construction...
DHI Canada 2019 Economic Review and Forecast
May 1, 2019 | Economic News and ForecastsDHI Canada is pleased to present the first quarter 2019 economic review and updated forecast.
2018 GDP Estimates Released
Apr 3, 2019 | Economic News and ForecastsGlobal News is reporting that Canada's GDP is estimated to have grown by 1.8% in 2018, below forecasts of 2.1% but in line with our November 2017 forecast (below) of 1.8% to 1.9%. Very slow growth in the fourth quarter pulled GDP for the year down.