Manufacturing sales fell 2.1% in March to the lowest level since February 2022. Canadian factory sales have decreased by 3.1% over the past year, impacted by several factors, including high interest rates. Read more: cme-mec.ca/represent… #manufacturing #sales #cdnecon #economy

CME Members: We want to hear from you! The threat of a Canada-wide rail stoppage remains serious. Member stories and data are our most powerful advocacy tools. Complete our short survey and tell us how labour disruptions have impacted your operations: survey.zohopublic.co…

Employment rose 0.4% in April, the biggest monthly advance in 15 months, while #manufacturing employment rose 0.2%. This surprising jump in #employment in April complicates the Bank of Canada's decision on when to start lowering interest rates. Learn more: cme-mec.ca/represent…

Canada’s merchandise exports plunged 5.3% in March, the 4th decline in 5 months. Unfortunately, the data for the first 3 months of the year indicate that net trade will be a drag on Q1 GDP growth. Learn more: cme-mec.ca/represent… #export #cdnecon #manufacturing #gdp

Real GDP rose 0.2% in February, following a 0.5% increase in January. The economy lost momentum as the first quarter progressed, reinforcing expectations that the BoC will start to gradually reduce interest rates in June or July. Learn more: cme-mec.ca/represent… #cdnecon