Canada's jobs numbers are in for March and they are worse than expected. In the month of March the Canadian economy shed more than 1 million jobs in comparison to a consensus forecast of 500,000 job losses. All provinces and territories reported job losses, but on a relative basis Alberta suffered ... READ MORE >
Coronavirus impact on Canadian economy calls for more government action
There is no question COVID-19 will significantly wound the Canadian economy. The big question governments and policymakers have to grapple with is whether the downturn will be short term or longer term in nature. Indeed, the answer to this question will help to guide the appropriate fiscal policy ... READ MORE >
Canada added 35,200 jobs in December, exceeding estimates
The Canadian economy added 35,200 jobs in December, significantly greater than the 25,000 expected by economists. This partially offsets the 71,000 job losses in November’s Statistics Canada labor market survey. The unemployment rate fell by 0.3 percentage points to reach 5.6%, near the historic low of ... READ MORE >
Canadian election results will test government spending
Canadians returned Justin Trudeau’s Liberals to power on Monday, but the Liberals fell short of securing a majority, in what some commentators are regarding as a “strong minority government.” The Liberals garnered enough support to win Atlantic Canada, Quebec and Ontario with 157 seats (170 is required ... READ MORE >