Investing.com - Financial Markets Worldwide
🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

UPDATE 1-Statistics Canada says ending 20-second delay of economic data releases

Published 2016-05-19, 04:26 p/m
© Reuters. UPDATE 1-Statistics Canada says ending 20-second delay of economic data releases

(Adds details, background)
OTTAWA, May 19 (Reuters) - Canada's federal statistics
agency said on Thursday it will end the 20-second delay it had
put in place on publishing economic data from media lockups,
saying it was satisfied releases were hitting its website on
time.
Economic data is normally released precisely at 8:30 a.m.
EDT (1230 GMT), but Statistics Canada began delaying the opening
of communications channels in early February due to delays in
updating the agency's website.
In March, the agency implemented a new standard release time
from its media facility of 8:30:20 a.m. EDT, saying the lag
would be in force until it was certain that releases were
appearing on its website without delay for 30 consecutive
working days.
"I am pleased to report official release has now occurred
without delay for 30 consecutive working days," Gabrielle
Beaudoin, director general of the communications division at
StatCan, said in a statement.
Regular procedures will resume as of this Friday when
Statistics Canada releases closely-watched reports on inflation
and retail sales.
The agency has said it put the delays in place to ensure
there was equitable access to its data releases.
All communications are turned off in the lockups, where
reporters are given the information an hour ahead of time so
they can prepare their respective reports. A Statscan official
opens the communications lines at the end of the lockup.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.