2007-04-12T08:32:58.123-07:00The New Housing Price Index increase of 0.5% in February.
The location where the increase was the biggest is Regina
With a growth of 0.7% in March, export prices increase for a second month in a row.
For March, nonagriculturals prices are mainly driven by industrial product and material
2007-04-13T13:34:17.360-07:00Import price jumped 1.7% in March after a small increase of 0.6% in February
Excluding oil, it's a increase of 0.3%. Overall it's the biggest hike since Mai 2006
2007-04-12T07:26:13.586-07:00In the week ending April 7th, seasonnaly adjusted claims are up 19,000 to 342,000 form a revised 323,000.
For next releases, it will be important to take a close look at this figure because claims can skyrocket fast and if they continue to climb, the employment may fall sharply sooner that later.
2007-04-11T12:01:34.817-07:00The FOMC is still concerned by inflation risk and expect growth to slow in 2007.
Here is the FOMC expressing concern about inflation:
“In these circumstances, the Committee’s predominant policy concern remainsIt will be important to take a close look at numbers coming until the next meeting because a surge in oil price is likely to maintain inflation high. If the FOMC feel that household and professionals forecasters expect inflation to remain high they may increase FedFunds target in August against all expectations.
the risk that inflation will fail to moderate as expected. Future policy
adjustments will depend on the evolution of the outlook for both inflation
and economic growth, as implied by incoming information.”
The CMHC and the BoC expect construction to slowdown this year to 209,500 units. It's western canadian provinces that account for a major part of the growth.
2007-04-10T10:10:38.600-07:00Wholesales remain resilient as durable goods decline.
2007-04-10T10:33:21.468-07:00Ivey PMI index at 67.3 which mean more purchase in March than in February.
This is good news form pursaching managers as canadian economy is still healthy
2007-04-05T07:53:20.008-07:00Employment jumped by 55,000 in March, continuing the upward trend that began in September 2006.
This situation is coming from a increase of people entering the job market. The employment rate in March reached 63.5% a summit in 31 years
2007-04-12T07:25:51.202-07:00Seasonally adjusted initial claims was 321,000 for the week ending March 31, an increase of 11,000 from the previous week's revised figure of 310,000.
This data release is still mixed, employment is holding as consumer continue to spend, insurance claims should sky rocket in the middle (2008Q1) of up coming recession.
2007-04-04T11:35:22.244-07:00Building permits in February for Canada sank to their lowest level in a year.
This is negative for up coming month for the construction sector since building permits level is a leading indicator of the number of construction put in place.
2007-04-04T09:18:34.902-07:00With a increase of 1%, new orders for manufactured goods in February are up three of the last four months.
This is not a good new for US manufacturers, as the economy is slowing, they should accumulate more inventories and receive less orders.
2007-04-04T09:18:54.115-07:00The ISM service index at 52.4 points in march down 1.9 points form February.
Slowly the two ISM indexes converge toward 50 and maybe below, both report show a sluggish growth in employment, a bad news for consumer.
2007-04-04T09:19:03.514-07:00The ISM manufacturing index at 50.9 in march down 1.4 points form February.
Second month in a row that the index remain in growth zone.
2007-04-04T08:26:43.761-07:00Construction spending rose 0.3 % against all expectation in February.
2007-04-03T11:39:55.908-07:00The canadian GDP growth slow at a pace of 0.1% in January form 0,4% in December.
This deceleration should continue in February because of a strike in the railways industry.
2007-04-03T11:41:02.253-07:00At 88.4, the UMICS sank by 2.9 points.
This news is confirming the point of view that consumer spending will decelerate in 2007.
2007-04-03T11:40:19.788-07:00Consumption spending and personal income increase more that expected in February.
Bad news for M. Bernake as inflation remain out of the Fed comfort zone.