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Canada

Dollar bounces from 15-month low on strong core U.S. retail sales

BY Reuters  • July 18, 2023July 18, 2023
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar rose from a 15-month low against a basket of currencies on Tuesday after core retail sales saw strong gains in June, as investors wait on t[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Canada’s inflation falls to 27-month low but underlying pressures persist

BY Reuters  • July 18, 2023July 18, 2023
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate dropped more than expected to a 27-month low of 2.8% in June led by lower energy prices, data showed on Tuesda[...]
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Business Canada Economy Updated

Instant View: Canada annual inflation rate slows to 2.8% in June

BY Reuters  • July 18, 2023July 18, 2023
(Reuters) – Canada’s annual inflation rate slowed to 2.8% in June on lower prices for gasoline as a result of the base-year effect, while food and mortgage interest costs remain high, Stat[...]
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Canada Economy

Canadian housing starts jump 41% in June – CMHC

BY Reuters  • July 18, 2023July 18, 2023
TORONTO (Reuters) – Canadian housing starts rose 41% in June compared with the previous month, the largest increase in the last 10 years, led by groundbreaking on multiple unit urban homes, data[...]
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Business Canada Economy

Dollar decline slows as investors wait on Fed

BY Reuters  • July 17, 2023July 17, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar dipped against a basket of currencies on Monday after last week suffering its largest weekly decline this year as Treasury yields tumbled, but h[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Analysis-Bank of Canada hones messaging as inflation defies forecasts

BY Reuters  • July 17, 2023July 17, 2023
By Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in January when it signaled a rate-hike pause that reig[...]
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Canada Economy Politics

Dollar gains after steep losses, but downtrend stays intact

BY Reuters  • July 14, 2023July 14, 2023
By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar bounced on Friday after falling sharply the last few days, as investors consolidated losses ahead of the w[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Canadian home sales growth slows; CREA downgrades full-year forecast

BY Reuters  • July 14, 2023July 14, 2023
By Fergal Smith TORONTO (Reuters) -Canadian home sales rose in June at a slower pace than in recent months and the industry group that produces the data downgraded its forecast for the full year as th[...]
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Canada Economy Updated

Canada May factory sales up 1.2% on chemicals, autos

BY Reuters  • July 14, 2023July 14, 2023
July 14 (Reuters) – Canadian factory sales grew by 1.2% in May from April on higher sales of chemical products, as well as motor vehicles, Statistics Canada said on Friday. Excluding vehicles an[...]
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Canada Economy
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