Canada Q2 Current Account Deficit Highest in 7 Quarters Canada's current account deficit widened significantly to CAD 8.5 billion in Q2 2024, up from CAD 5.4 billion in the previous quarter and surpassing market expectations of a CAD 5.9 billion deficit. This marks the eighth consecutive quarterly deficit and the largest in seven quarters. The widening deficit was driven by a goods deficit of CAD 2.2 billion, up from a near-balanced position in Q1, while the services deficit narrowed to CAD 3.2 billion from CAD 4.3 billion. Additionally, the investment income balance turned to a slight deficit ..read more

Loblaw Companies earnings above expectations at 2.15 CAD Loblaw Companies (L) released earnings per share at 2.15 CAD, compared to market expectations of 2.14 CAD ..read more

Lululemon Athletica earnings above expectations at 2.54 USD Lululemon Athletica (LULU) released earnings per share at 2.54 USD, compared to market expectations of 2.40 USD ..read more

Thomson Reuters earnings meet market expectations at 1.11 USD Thomson Reuters (TRI) released earnings per share at 1.11 USD, compared to market expectations of USD ..read more

Canada Population Sees Record Growth in 2023 Canada's population grew by 1.3 million in 2023 reaching 40.8 million, with a record-breaking annual growth rate of 3.2%, primarily driven by immigration. However, new restrictions on temporary residents and international students are expected to slow this growth. While bolstering the economy, the rapid growth has strained infrastructure and housing, prompting anxiety over living standards and leading the government to scale back immigration ambitions ..read more

TD Bank earnings above expectations at 2 CAD TD Bank (TD) released earnings per share at 2 CAD, compared to market expectations of 1.94 CAD ..read more

Canada GDP Returns to Growth in Q4 The Canadian economy expanded by 0.2% in the fourth quarter of 2023, recovering from a revised 0.1% contraction in the previous period, helped by higher exports. The country's exports of goods and services rebounded by 1.4%, largely due to crude oil and crude bitumen sales (+6.2%). Meanwhile, imports of goods and services declined by 0.4%. Additionally, household spending edged up by 0.2%, accelerating from a 0.1% rise in Q3. However, business investment dropped for the sixth time over the last seven quarters. On an annual basis, real GDP grew 1.1%, the third ..read more

Manulife Financial earnings above expectations at 0.92 CAD Manulife Financial (MFC) released earnings per share at 0.92 CAD, compared to market expectations of 0.85 CAD ..read more

TransCanada earnings above expectations at 1.35 CAD TransCanada (TRP) released earnings per share at 1.35 CAD, compared to market expectations of 1.10 CAD ..read more

The total value of building permits in Canada plunged by 14% over a month to $9.2 billion in December 2023, the lowest since October 2020, following an upwardly revised 5% drop in November. It compares with market expectations of a 1.8% rise. The total value of residential permits slipped 17.9% to $5.7 billion in December, led by a 31.1% decline in multi-unit construction intentions, the largest monthly drop in the series. Ontario (-45.2%) recorded the steepest decrease. On the other hand, construction intentions in single-family dwellings edged up 0.8% to $2.9 billion, as gains in Alberta (+1 ..read more