Dale Smith

1 week ago | cp24.com | Promit Mukherjee |Dale Smith

Canada's economy in the first quarter grew faster than expected, data showed on Friday, primarily driven by exports as companies in the United States rushed to stockpile before tariffs by President Donald Trump. But an increase in imports that led to inventory build-up, lower household spending and weaker final domestic demand indicate that the economy was battling on the domestic front. Economists have warned that as tariffs continue on Canada, this trend will persist.

1 month ago | gurutrade.com | Promit Mukherjee |Dale Smith |Mark Heinrich |Mark Porter

Both goods and services industries contracted in February Mining, oil and gas, construction sectors shrunk the most Growth likely 0.1% in March, 1.5% in Q1 on annualized basis OTTAWA, April 30 (Reuters) - Canada's gross domestic product contracted by 0.2% in February on a monthly basis for the first time since November as activities across mining, oil and gas and construction sectors shrunk, data showed on Wednesday.

2 months ago | gurutrade.com | Promit Mukherjee |Dale Smith |Mark Porter

Statscan expects GDP to remain unchanged in February December GDP was revised upwards to 0.3% from 0.2% BoC, economists see growth falling in coming months OTTAWA, March 28 (Reuters) - Canada's Gross Domestic Product grew by 0.4% on a monthly basis in January as economic activity continued the momentum of the last few of months, data showed on Friday.

Mar 7, 2025 | gurutrade.com | Promit Mukherjee |Dale Smith |Chizu Nomiyama |Sonali Paul

January trade surplus at C$3.97 billion, double of December Exports up 5.5% to a record level, up four months in a row Trade surplus with U.S. at record C$14.4 billion Services imports drops as less Canadians travel to U.S. OTTAWA, (Reuters) - Canada's trade surplus in January exceeded expectations by a wide margin posting a 32-month record as fears of tariffs from the U.S. pushed exports of cars and energy products higher, especially south of its border, data showed on Thursday.

Feb 28, 2025 | gurutrade.com | Promit Mukherjee |Dale Smith |Kevin Liffey |Nick Zieminski

Consumer spending, business investments led Q4 growth Statscan revised third-quarter growth to 2.2% from 1% On a monthly basis, GDP expanded by 0.2% in December January's growth likely to be 0.3%, flash estimate shows OTTAWA, Feb 28 (Reuters) - Canada's gross domestic product in the fourth quarter expanded by 2.6% on an annualized basis, surpassing widespread expectations, as a jump in consumer spending, business investments and exports lifted growth, data showed on Friday.