(20 January 2022) Canada’s year-over-year inflation rate rose to a three-decade high in December, increasing chances of a hawkish turn from the Bank of Canada. Inflation has been above 3%, the upper limit of the Bank of Canada’s 1%−3% target range, since April.Consumer price inflation rose 4.8% in December, the largest year-over-year increase since September 1991, when it was 5.5%. The December price gain was mainly driven by the rising cost of food and housing.Food prices rose 5.2% in December — the fastest pace of growth since 2011 and a huge jump from the 1.1% YoY growth in same period in 2020. Higher transportation costs and continued high energy prices are putting upward pressure on food prices.Housing costs rose 5.4% in December, up from 1.6% last December, fuelled by rising prices for natural gas and fuel oil used for heating homes.Gas prices at the pump cooled down in December, with inflation dropping to 33.3% year-over-year, down from 43.6% in November.
North America’s vulnerability to a variety of natural disasters has dominated media coverage in recent weeks. While Hurricane Harvey continued its path across Texas and Louisiana, Mexico was struck by an 8.1 magnitude earthquake, which was then swept out of the headlines as Hurricane Irma barreled through the Caribbean and Southeastern United States. Meanwhile, between the headlines, you may have read about forest fires raging in Canada and the US, recently consuming historic landmarks in Glacier National Park. While the debate intensifies as to the role of climate change in these extreme weather events, we decided to locate and highlight data pertaining to Mother Nature’s rath in North America to share in today’s Viz of the Day.
Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries' trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. All WTO members are subject to review, with the frequency of review depending on the country's size. Event holder: World Trade Organization
About 4.4 million Canadians (14.3%) reported having a disability in 2006. The percentage of Canadians with disabilities increased with age, ranging from 3.7% for children 14 years and under to 56.3% for those 75 years and over. In 2006, a greater proportion of females (15.2%) reported a disability than males (13.4%). This does not hold for all age groups. A greater proportion of males aged 0 to 14 (4.6%) were reported having a disability than females in the same age group (2.7%). The percentage of Canadians with disabilities was lowest in Nunavut (6.4%) and highest in Nova Scotia (20.0%). Lack of mobility, pain, and reduced agility were the three most reported disabilities among adults aged 15 and over. Adults were most likely to report some limitations due to pain (11.7%) followed closely by a mobility disability (11.5%), and agility (11.1%). Women reported more of these types of disabilities than men (13.4% mobility, 13.3% pain, and 12.4% agility for women versus 9.5%, 10.0%, and 9.7% for men). There were 202,350 children (3.7% of children) between the ages of 0 and 14 years with a disability in Canada in 2006. A greater proportion of boys (4.6%) were reported to have a disability than girls (2.7%). Among school-aged children (aged 5 to 14) with a disability, learning disabilities was the most common disability for boys (72.7%), whereas chronic health conditions was the most common type for girls (65.0%). Source: Direct link | Dataset
As per the latest findings, heavy oil comprises 50% of known oil resource but represents just one in ten barrels of production. Latin America, with a huge amount of untapped reserves of heavy oil will host industry leaders at HCIEx’s Annual Technical Conference “HOTC 2015” addressing key issue of efficient extraction of heavy oil and technical challenges faced by the operating companies in the Latin America ranging from production optimization to improved oil recovery. HOTC 2015 is scheduled to take place from 23rd to 25th February, 2015 in Bogota Colombia where the subject matter experts from around the globe will gather to address key issues covering all critical aspects from upstream to downstream of heavy oil. This highly technical interactive conference will witness professionals from across the globe discuss, engage and brainstorm with their peers on the contemporary challenges faced and the opportunities and challenges lying ahead. Event Holder: Organization of the Petroleum Exporting Countries Source: International Energy Statistics