10 Second Headlines

Aug. 14, 2015

CANADA Canadian July housing starts declined 4.6% to 193,000 M/M (below estimate) while housing prices rose 1.2%. Mainland Chinese home buyers accounted for 70% of 2014 Vancouver luxury (over $3 million) home sales, 21%… Read More

Aug. 7, 2015

CANADIAN EMPLOYMENT Canada added 6,600 jobs in July vs an expected 5,000; unemployment rate is unchanged at 6.8% 33,900 full time and part time jobs lost and 40,500 self-employed added Alberta lost 4,300 jobs… Read More

Jul. 31, 2015

CANADA Canada’s May GDP fell 0.2% vs expected unchanged; May was the 5th consecutive monthly decline. Albertan’s May earnings averaged $1,152.72 / week up 1.1% Y/Y. National May average earnings were $948.15 per week… Read More

Jul. 24, 2015

CANADA Canadian May retail sales rose 1% M/M vs expected 0.6% increase. Retail sales were up in 9 of 11 subsectors led by car sales. Alberta June youth unemployment (15 – 24 years) declined… Read More

Jul. 17, 2015

‘NEW’ CANADIAN ENERGY STRATEGY Canada’s premiers have ‘unanimously agreed’ to adopt a Canadian Energy Strategy: the energy industry is of strategic importance to Canada the provinces are the “constitutional owners and managers” of natural… Read More

Jul. 10, 2015

CANADA – JUNE STATISTICS Canada lost 6,400 jobs in June vs an expected loss of 10,000. Unemployment held steady at 6.8%. Private sector lost 26,300; self-employed lost 22,000. Full time jobs up 64,800; part-time… Read More

Jul. 3, 2015

GREECE Voters are almost evenly split between ‘Yes’ and ‘No’. ‘Yes’ means the Greek people accept a draft agreement submitted by the EU, ECB and IMF. If they vote ‘no’, the President says they… Read More

Jun. 19, 2015

ALBERTA TAXES Finance Minister, Joe Ceci, said Alberta will increase the corporate tax rate for large companies to 12% from 10% effective July 1. Progressive tax rates for personal income will start October 1,… Read More

Jun. 12, 2015

MINIMUM WAGES IN CANADA The average minimum wage in Canada, effective October 1, 2015 is $10.74. 8% of Canadian workers and 1.5% of Alberta workers earned the minimum wage in 2014. Ontario’s after tax… Read More

Jun. 5, 2015

CANADIAN EMPLOYMENT Canada added 59,000 jobs in May; 31,000 full-time and 28,000 part-time. Unemployment rate remains unchanged at 6.8%. Hours worked were up 0.3% for the 2nd month in a row. Alberta lost a… Read More