Canadian Economic Outlook
May 22, 2013
CanaData calculates construction material cost indices based on the Industrial Product Price Index (IPPI) and Raw Materials Product Price Index (RMPI) series from Statistics Canada.
May 22, 2013
The major stock market indices in the U.S. are continuing to impress. At April’s month-end closings, both the Dow Jones Industrials (DJI) average and the more broadly-based S&P 500 were at or within a whisker of all-time highs.
May 21, 2013
Canada’s resource sector isn’t the only one struggling to stay afloat in this storm-tossed boat. Coal miners in the Powder River Basin of Wyoming and Montana — where 40% of total U.S. production occurs — want to tap into the lucrative export markets of China and India.
May 17, 2013
Some investors are placing bets against Canada. They’re short selling our currency, avoiding our equities and talking down our economy. Should we be worried?
May 16, 2013
When Margaret Thatcher died in early April, there was a great deal of public discussion about her legacy. Underlying all the commentary was the fact she was Britain’s first female Prime Minister.
May 16, 2013
According to the latest (March) inflation statistics released by Statistics Canada, the cost of a basket of goods purchased by an “average” Canadian household has risen by 1% over the past twelve months. Further, the Statistics Canada CPI report for March revealed that, on average, it cost the average household almost 5% more to live in Edmonton than in Toronto.
May 15, 2013
The advance estimate for U.S. economic growth in the first quarter of this year is +2.5%, seasonally adjusted and annualized (SAAR), according to the Bureau of Economic Analysis (BEA).
May 13, 2013
Political machinations around the world are becoming increasingly chaotic. The prime examples may be in Europe, where the austerity-versus-stimulus debate has resulted in governments being replaced in Greece, France, Spain and Italy.
May 10, 2013
There is a wealth of information available about residential real estate markets in the U.S. and Canada. With home starts in the two countries now taking divergent paths — trending upwards to the south and downwards to the north — this is a good time to review some the latest data.
May 9, 2013
National new home starts in April were 175,000 units seasonally adjusted and annualized (SAAR), according to Canada Mortgage and Housing Corporation (CMHC).
May 7, 2013
Mid-April was not a good time for Canada’s raw materials sector. In the course of just a couple of days, an already weakening price of gold surrendered all restraint and plunged the most in three decades.
May 6, 2013
How long has it been? The answer: 57 months or nearly five years. June 2008 was the last time U.S. monthly housing starts, seasonally adjusted and at an annual rate (SAAR), were higher than one million units.
May 3, 2013
There’s a clear dividing line. The change occurred in November 2008, near the start of the recession in Canada.
April 30, 2013
If the U.S. labour market report in March was a dip into tepid water, Canada’s was a cold shower.
April 29, 2013
A long-term problem for most of the world’s industrialized nations will be an aging citizenry, accompanied by minimal population growth or actual declines.
April 26, 2013
U.S. total motor vehicle sales in March were 15.27 million units, seasonally adjusted and annualized (SAAR), according to Autodata Corporation, a New Jersey-based statistics monitoring company.
April 25, 2013
Following a temporary hiatus in late 2012, there are clear indications the overall health of the global economy is starting to improve.
April 23, 2013
March 2013 was a month to circle with a colored marker for North America’s major stock market indices. Both the Dow Jones Industrial average (at a level of 14,585) and the S&P 500 (reaching 1,570) set new all-time highs.
April 19, 2013
Canada’s overall inflation rate in February accelerated to +1.2% from a quite low +0.5% the month before, according to Statistics Canada.
April 16, 2013
U.S. new home starts in February were 917,000 units, seasonally adjusted and annualized (SAAR), according to a joint press release from the Census Bureau and the Department of Housing and Urban Development.
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|ALEX’S ECONOMICS BLOG|
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- An Overview of Prices and Sales in the Diverging U.S. and Canadian Housing Markets (April 25, 2013)
- Canada’s Precarious Dependence on the Commodity Price Super-Cycle (April 22, 2013)
- Twenty major upcoming residential and transportation terminal construction projects - April 2013 (April 15, 2013)