10 Second Headlines

CANADA August Canadian CPI was down 0.1% M/M (up 1.9% Y/Y) in line with expectations. Alberta August CPI down 0.1% M/M (up 1.3% Y/Y) Edmonton up 1.3% Y/Y; Calgary up 0.9% Y/Y July retail… Read More

CANADA The Federal Election has been set for October 21st. The top 5 priorities for a competitive future as identified by the Edmonton and Calgary Chambers of Commerce are: Develop environment and climate policies… Read More

S&P/TSX Composite Index Drivers behind the S&P/TSX Composite Index year to date return of 15.1%: Financials and Energy sectors make up almost 50% of the Index. This used to be closer to 70% before… Read More

Alberta Oil The Alberta Government has decided to extend oil curtailments to December 2020 while increasing the exemption to apply for companies producing less than 20,000 barrels per day vs a 10,000 previously. This… Read More

Economics & Housing US Bond Yields: 2 year 1.50% | 10 year 1.56% | 30 year 2.02% Canadian Bond Yields: 2 year 1.29% | 10 year 1.09% July Canadian home sales increased 3.5% M/M… Read More

Canada Canada unexpectedly lost 24,200 jobs in July vs an expected increase of 15,000. Unemployment increased to 5.7% from 5.5% Wages were up 4.5% Y/Y (highest increase in more than a decade) Alberta lost… Read More

Canada Canada’s GDP rose 0.2% in May vs 0.1% expected. GDP is now up 3% annualized. Oil & Gas was down 2.5% vs up 6.8% in April The average Canadian household paid nearly $40,000… Read More

Canada Average weekly wage for non-farm employees was $1,031 in May up 3.4% Y/Y (vs 2% CPI). 2018 total real estate investment in Edmonton increased 37% Y/Y to $3.94 billion. 22% in industrial and… Read More

Canada Canadian Consumer Price Index rose by 2% Y/Y in June vs 2.4% in May. Gasoline prices fell 8.0%, the sharpest drop on record for June Alberta’s Consumer Price Index rate is up 1.4%… Read More

Canada The Bank of Canada left its policy rate unchanged at 1.75%. Canadian housing starts increased to 245,700 (24.8% M/M) in June. Alberta starts increased 42.7% to 30,100 Foreign buyers bought 2.5 of every… Read More