Manufacturing Sales Drop in August though September’s PMI Picked Up

Canadian Economics    October 17, 2024

After expanding in July, manufacturing sales fell in August. The decline was driven by lower sales of primary metals, petroleum and coal products, and transportation equipment. Sales of manufactured wood products, however, posted a notable month-over-month gain. Within the transportation equipment category, sales weakness was felt unevenly as aerospace product sales expanded to their second-highest level on record.

Quick take  •  2-min read
Kiefer Van Mulligen

Inflation Decelerated Further in September

Canadian Economics    October 15, 2024

Inflation decelerated further in September, dropping below the Bank of Canada’s 2 per cent target. Lower prices for gasoline relative to the same month last year were largely responsible for the weaker pace of price growth. Yet, price pressures have decelerated unevenly. The Bank’s core inflation measures remained the same in September as they were in August, as did the CPI excluding food and energy.

Quick take  •  2-min read
Kiefer Van Mulligen

Job Bounce Ends Months of Stagnation

Canadian Economics    October 15, 2024

September marks the first decline in the unemployment rate since January, with the rate now at 6.5 per cent. This month’s labor market data indicates robust job creation particularly driven by substantial increases in various service sectors.

Quick take  •  2-min read
Loubna Zebiri

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