View the Archive..April 17, 2014CONSUMER PRICE INDEX MARCH 2014
In Nova Scotia March 2014, the consumer price index (2002=100) increased 0.4% from February 2014 to 128.9 and increased 1.7% over March 2013.
The CPI, excluding food and energy, increased 0.3% from February 2014 to 118.5, and increased 1.6% over March 2013.
In Canada March 2014, the consumer price index (2002=100) increased 0.6% from February 2014 to 124.8 and increased 1.5% over March 2013.
Core CPI increased 0.3% from February 2014 to 122.5 and increased 1.3% over March 2013. The CPI, excluding food and energy, increased 0.3% from February 2014 to 118.6, and increased 1.2% over March 2013.
In Halifax March 2014, the consumer price index (2002=100) increased 0.5% from February 2014 to 127.6 and increased 1.8% over March 2013.
Statistics Canada Cat. No. 62-001
, CANSIM 326-0020
April 17, 2014ANALYSIS OF NOVA SCOTIA'S CONSUMER PRICE INDEX FOR MARCH 2014
At 1.7 per cent year over year, Nova Scotia's consumer price index was above the national average of 1.5 per cent from March 2013 to March 2014. Within Atlantic Canada, New Brunswick posted the lowest year over year CPI increase (+1.5%). Newfoundland and Labrador increased 2.0 per cent, and PEI increased 3.0 per cent, year over year. West of the Maritimes, the highest inflation year over year was in Alberta (+3.9 per cent).
April 17, 2014EMPLOYMENT INSURANCE FEBRUARY 2014
In February 2014, the seasonally adjusted number of Nova Scotians receiving regular EI benefits decreased by 380 persons (-1.4%) from January to 26,550, and decreased by 2,500 persons (-8.6%) over February 2013.
In February 2014, the seasonally adjusted number of Canadians receiving regular EI benefits increased by 2,820 persons (0.6%) from January to 506,470 and declined by 25,880 persons (-4.9%) over February 2013.
April 16, 2014NON-RESIDENTIAL CONSTRUCTION INVESTMENT 1ST QUARTER 2014
In the first quarter of 2014, non-residential building construction declined 7.4 per cent from the last quarter of 2013 (seasonally adjusted). Compared with the same quarter in 2013, non-residential building construction is down 6.6 per cent. This decline appears to be concentrated in Halifax non-residential construction, which declined by over 10 per cent.
Results across the country have been mixed, with some provinces growing while others recede. On balance, 2014Q1 non-residential building construction in Canada is down 0.6 per cent from 2013Q4 and up 0.7 per cent from 2013Q1.
April 16, 2014BANK OF CANADA MONETARY POLICY
The Bank of Canada announced today that it is maintaining its target for the overnight rate at 1 per cent. With the release of the April Monetary Policy Report, the Bank disclosed its latest outlook for economic conditions and inflation.
Although economic conditions are improving, the Bank notes that there remain persistent problems among advanced economies, particularly in Europe, where inflation is too low and the risks from geopolitical instability have risen.