#economicdata

MalayalisNearMe Official

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๐Ÿ‘‰In June, Statistics Canada reported a 0.6% decline in wholesale sales, totaling $82.4 billion when excluding petroleum, petroleum products, oilseed, and grain. This marks a drop in five of the seven subsectors. The motor vehicle and motor vehicle parts and accessories subsector experienced a 2.6% decrease, with motor vehicle merchant wholesalers falling by 2.7% to $11.5 billion. The machinery, equipment, and supplies subsector also saw a 0.5% decrease, totaling $17.9 billion. In terms of volume, wholesale sales decreased by 0.9%. While oilseed and grain and petroleum sectors were recently added, their data are currently excluded from monthly analysis due to insufficient historical data.โœ… . ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐๐ž๐ž๐ง๐š ๐•๐š๐ซ๐ ๐ก๐ž๐ฌ๐ž, ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ž๐ฑ๐ฉ๐ž๐ซ๐ญ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ’๐Ÿ‘๐Ÿ•) ๐Ÿ—๐Ÿ–๐Ÿ-๐ŸŽ๐Ÿ–๐ŸŽ๐Ÿ’ @neena.robin . . #WholesaleSales #StatisticsCanada #EconomicData #MotorVehicleSales #MachineryEquipment #CanadianEconomy #TradeReport #mnm #malayalisnearmeapp #canadaupdate #canadanews

173 Views

2 months ago

MalayalisNearMe Official

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๐Ÿ‘‰Canada's unemployment rate climbed to 6.1% in March, with job growth halting, according to Statistics Canada. This marks the largest increase since summer 2022. The labour force survey indicates minimal change in employment, with a loss of 2,200 jobs. Rising interest rates and strong population growth contribute to the economic strain. Youth employment is notably affected, with a decline of 28,000 jobs and a 12.6% unemployment rate among 15 to 24-year-olds. Major job losses were seen in accommodation and food services, while health care and social assistance sectors saw increases. Despite this, average hourly wages rose by 5.1% annually. The Bank of Canada's upcoming interest rate decision is highly anticipated amidst these economic indicators.โœ… . ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ž ๐ฃ๐จ๐ฎ๐ซ๐ง๐ž๐ฒ ๐ž๐Ÿ๐Ÿ๐จ๐ซ๐ญ๐ฅ๐ž๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐Š๐š๐ฆ๐š๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐ž๐๐ข๐œ๐š๐ญ๐ž๐ ๐†๐“๐€ ๐‘๐ž๐š๐ฅ๐ญ๐จ๐ซ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ”๐Ÿ’๐Ÿ•) ๐Ÿ”๐Ÿ•๐Ÿ‘-๐Ÿ‘๐Ÿ“๐Ÿ๐Ÿ” ๐„๐ฆ๐š๐ข๐ฅ: ๐ค๐š๐ฆ๐š๐ฅ@๐ญ๐ก๐ž๐œ๐š๐ง๐š๐๐ข๐š๐ง๐ก๐จ๐ฆ๐ž.๐œ๐จ๐ฆ @kamalpillai_realtor . . #CanadaUnemployment #JobGrowth #StatisticsCanada #EconomicData #YouthEmployment #InterestRates #BankofCanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

94 Views

7 months ago

MalayalisNearMe Official

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๐Ÿ‘‰Statistics Canada has reported that Canada's annual inflation rate decelerated to 3.8% in September, offering a respite following the recent surge. After hitting four per cent in August, the latest data reveals a slower year-over-year increase in prices across the economy. Notable factors contributing to this shift include reduced airfare costs and a decline in prices for durable goods. While grocery prices continued to rise, the pace of growth slowed to 5.8% in September, down from 6.9% in August. In contrast, higher gasoline prices added pressure to inflation, with a 7.5% increase compared to September 2022. This data arrives just ahead of the Bank of Canada's forthcoming interest rate announcement and updated inflation forecast, as economic observers keenly monitor the nation's economic trends.โœ… . . #Canada #InflationRate #Economy #SeptemberInflation #Business #EconomicData #ConsumerPrices #mnm #malayalisnearmeapp #canadaupdate #canadanews

175 Views

1 year ago

MalayalisNearMe Official

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๐Ÿ‘‰Statistics Canada data reveals that Canada's annual inflation rate declined to 2.8% in June, marking a 27-month low. Despite this drop, food prices remain elevated. The figure came in lower than analysts' expectations, who had predicted a decline to 3.0% from May's 3.4%. The consumer price index also saw a modest increase of 0.1% month-over-month, falling short of the anticipated 0.3% gain. This latest reading places the annual rate within the Bank of Canada's controlled range of 1% to 3% for the first time since March 2021.โœ… . . #InflationRate #ConsumerPriceIndex #FoodPrices #EconomicData #StatisticsCanada #BankofCanada #InflationTrends #mnm #malayalisnearmeapp #canadaupdate #canadanews

241 Views

1 year ago

MalayalisNearMe Official

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๐Ÿ‘‰In a reversal of its downward trajectory, Canada's inflation rate experienced an unexpected upswing, reaching an annual rate of 4.4%. Prior to the release of new data by Statistics Canada, economists anticipated a slight easing from the previous month's 4.3% to around 4.1%. However, the inflation rate surpassed expectations by rising once again, driven by higher costs in categories such as gasoline, rent, and mortgages. Notably, this marks the first acceleration in the cost of living since June 2022, when Canada encountered its highest inflation rate in over four decades at 8.1%. โœ… . . #CanadaInflation #UnexpectedUpswing #EconomicData #CostOfLiving #HigherCosts #GasolinePrices #RentIncreases #mnm #malayalisnearmeapp #canadaupdate #canadanews

248 Views

1 year ago

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