In January, producer prices in Canada continued to decrease, marking the fourth consecutive month of decline. The drop was driven by decreases in food and energy prices, along with lower costs for raw materials. Price Index Statistics Statistics Canada reported that the industrial product price index in Canada fell by 0.1% in January compared to the previous month. Over a … [Read more...] about Canadian Producer Prices Decline
Canada
Canada’s December Budget Deficit Update
Canada's budget deficit widened in December, driven by increased spending on government initiatives and public-debt charges, surpassing revenue gains by a significant margin. Fiscal Monitor Report The Department of Finance's monthly fiscal monitor publication revealed that the budget shortfall in December amounted to 4.47 billion Canadian dollars, equivalent to $3.32 billion. … [Read more...] about Canada’s December Budget Deficit Update
North America’s LNG Export Capacity to Double in Four Years
The U.S. Energy Information Administration (EIA) has announced that 10 new projects across the United States, Canada, and Mexico will significantly increase North America's liquified natural gas (LNG) export capacity within four years. According to EIA's forecast, the continent's LNG export capacity is expected to surge from the current 11.4 billion cubic feet per day (Bcf/d) … [Read more...] about North America’s LNG Export Capacity to Double in Four Years
Canada’s Reserves Increase by $2.9 Billion in November
Canada's official international reserves experienced a significant boost in November, according to the federal finance department. The country's reserves of foreign currencies and other monetary assets reached $115.44 billion as of November 30, up from $112.54 billion the previous month. No Intervention or Gold Holdings During the month of November, the Canadian government did … [Read more...] about Canada’s Reserves Increase by $2.9 Billion in November
Increase in Mortgages in Arrears Highlights Financial Strains for Canadian Households
By Paul Vieira In the third quarter, the share of mortgages in arrears at Canadian nonbank lenders saw a gradual increase compared to the previous year, according to data released by Statistics Canada on Tuesday. While still relatively low, these numbers shed light on the challenges that households are facing in a high-rate environment. A recent Bank of Canada consumer survey … [Read more...] about Increase in Mortgages in Arrears Highlights Financial Strains for Canadian Households
