Insights and Stories of Ismail Shakil

Nov. 19, 2024 at 10:12 am CST

Canada's annual inflation rate accelerated more than expected to 2.0 per cent in October as gas prices fell less than the previous month, data showed on Tuesday, shrinking market bets for a bigger rate cut next month.

By Ismail Shakil, Reuters

Nov. 12, 2024 at 12:17 pm CST

Canada has detected its first presumptive case of H5 bird flu in a person, a teenager in the western province of British Columbia, health officials said on Saturday.

By Ismail Shakil, Reuters

Oct. 15, 2024 at 10:23 am CDT

Canada's annual inflation rate slowed more than expected to 1.6 per cent in September, data showed on Tuesday, prompting markets to increase bets of a 50 basis point rate cut next week. The easing of inflation, which was mainly led by a huge drop in the price of gasoline, was the smallest annual increase in consumer prices since February 2021, Statistics Canada said.

By Ismail Shakil, Promit Mukherjee, Reuters

Oct. 8, 2024 at 10:40 am CDT

Canada recorded a bigger-than-expected trade deficit of C$1.1 billion in August, its sixth consecutive monthly shortfall, as imports rose while exports declined, Statistics Canada data showed on Tuesday.

By Ismail Shakil, Promit Mukherjee, Reuters

Jan. 5, 2024 at 10:47 am CST

Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.

By Ismail Shakil, Reuters, Steve Scherer