The location where the increase was the biggest is Regina
With a growth of 0.7% in March, export prices increase for a second month in a row.
For March, nonagriculturals prices are mainly driven by industrial product and material
Excluding oil, it's a increase of 0.3%. Overall it's the biggest hike since Mai 2006
For next releases, it will be important to take a close look at this figure because claims can skyrocket fast and if they continue to climb, the employment may fall sharply sooner that later.
Here is the FOMC expressing concern about inflation:
“In these circumstances, the Committee’s predominant policy concern remainsIt will be important to take a close look at numbers coming until the next meeting because a surge in oil price is likely to maintain inflation high. If the FOMC feel that household and professionals forecasters expect inflation to remain high they may increase FedFunds target in August against all expectations.
the risk that inflation will fail to moderate as expected. Future policy
adjustments will depend on the evolution of the outlook for both inflation
and economic growth, as implied by incoming information.”
The CMHC and the BoC expect construction to slowdown this year to 209,500 units. It's western canadian provinces that account for a major part of the growth.
This is good news form pursaching managers as canadian economy is still healthy
This situation is coming from a increase of people entering the job market. The employment rate in March reached 63.5% a summit in 31 years
This data release is still mixed, employment is holding as consumer continue to spend, insurance claims should sky rocket in the middle (2008Q1) of up coming recession.
This is negative for up coming month for the construction sector since building permits level is a leading indicator of the number of construction put in place.
This is not a good new for US manufacturers, as the economy is slowing, they should accumulate more inventories and receive less orders.
Slowly the two ISM indexes converge toward 50 and maybe below, both report show a sluggish growth in employment, a bad news for consumer.
Second month in a row that the index remain in growth zone.
