Statistics Canada – Benefits Canada.com

July consumer price index hits 3.7 per cent: StatCan

Gideon Scanlon — Thu, 26 Aug 2021 15:00:54 +0000

Canada’s consumer price index rose by more than half a per cent in July, reaching 3.7 per cent on a year-over-year basis, according to Statistics Canada. Canadians saw the cost of shelter rise faster than any other spending category outside of gasoline, with real estate prices rising 13.4 per cent year-over-year. Inflation hit new home […]

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Pension membership on the rise in Canada: StatsCan

bwolfe — Wed, 07 Jul 2021 19:00:37 +0000

More than 125,000 Canadians became active members in a registered pension plan in 2019, according to a new report by Statistics Canada. It found the number of active members was up two per cent from 2018 to just over 6.5 million. Women accounted for more than three-quarters of the increase in new memberships — up 97,500 from 2018 to 3.3 million — while about 28,000 more men joined […]

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Statistics Canada says annual inflation rate rose 0.5% in September

mschmit — Thu, 22 Oct 2020 05:29:26 +0000

Canada’s headline inflation measure went up in September by 0.5 per cent compared with a year ago, a better-than-expected increase, but one that experts say won’t sway the Bank of Canada’s stimulus measures. Economists had, on average, expected a year-over-year increase of 0.4 per cent, according to financial data firm Refinitiv, following readings of 0.1 […]

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Economists agree we’re in a recession, but there’s little consensus on why

mschmit — Mon, 31 Aug 2020 04:50:21 +0000

Economists say there is no doubt that Canada is experiencing a recession, but the exact criteria determining one is underway can be fraught with confusion. Broadly speaking, a recession is a period of business contraction where economic activity declines. But what exactly constitutes a decline, and over what time period, is the subject of much […]

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Canadian economy posted record drop in second quarter due to pandemic

mschmit — Mon, 31 Aug 2020 04:13:04 +0000

The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before starting to recover in May and June. Statistics Canada said Friday real gross domestic product contracted at an annualized rate of 38.7 per cent for the quarter, the worst posting […]

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June inflation rate turns positive amid early stages of economic reopening

mschmit — Fri, 24 Jul 2020 03:41:53 +0000

The country’s inflation barometer turned positive last month after two months of deflation as the consumer price index increased by 0.7 per cent in June compared to a year earlier, Statistics Canada reported Wednesday. The consumer price index had registered two months of negative readings leading up to June, first with 0.2 per cent annualized […]

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Statistics Canada analysis suggests small hit to inflation from pandemic

mschmit — Tue, 14 Jul 2020 04:10:10 +0000

Statistics Canada says Canadians’ buying patterns changed so much during the coronavirus pandemic that its measure of consumer inflation went a little wobbly. The agency previously reported that year-over-year inflation declined by 0.2 per cent in April, then took a further drop of 0.4 per cent in May as lockdowns put a damper on consumer […]

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Statistics Canada says economy posted record 11.6 per cent plunge in April

mschmit — Tue, 30 Jun 2020 10:21:11 +0000

Statistics Canada says the economy saw its largest monthly drop on record in April as it came to a near standstill due to the pandemic, but early indications point to a rebound in May as businesses began to reopen. The agency said Tuesday gross domestic product fell 11.6 per cent in April with non-essential businesses […]

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Coronavirus to leave some lasting economic damage, Bank of Canada chief says

mschmit — Tue, 23 Jun 2020 02:59:26 +0000

The coronavirus pandemic will leave some long-term economic damage that will only become clearer as the country moves further along a “prolonged and bumpy” course to recovery, Canada’s top central banker says. In his first speech as governor, Tiff Macklem said the central bank expects to see growth in the third quarter of this year […]

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National unemployment rate hits new record even as economy adds jobs

mschmit — Fri, 05 Jun 2020 05:45:35 +0000

Statistics Canada is reporting a record high unemployment rate as the economy added 289,600 jobs in May, with businesses reopening amid easing public health restrictions. The unemployment rate rose to 13.7 per cent, topping the previous high of 13.1 per cent set in December 1982 in more than four decades of comparable data. The increase […]

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