With job openings falling back to normal and the labor supply increasing, the labor market was in balance in July. … READ MORE >
Blog
Bank of Canada cuts its policy rate to 4.25 per cent
Rates need to come down for businesses to start hiring again and to help those workers struggling to find employment. … READ MORE >
Manufacturing sector declines at a slightly slower rate in August
A result of the slowdown was another month of employment declines, though at a slower pace at 46 compared to 43.4 in the prior month. … READ MORE >
5 things to know in life sciences: Week of August 26, 2024
Each week we highlight five things affecting the life sciences industry. Here’s the latest. … READ MORE >
Fed’s key inflation gauge shows price stability as consumers hit the accelerator
The American economy is poised to grow at or above the long-term 1.8% rate as the Fed begins its rate-cutting campaign, which should put a floor under growth and hiring. … READ MORE >
Second quarter GDP is revised higher amid stronger consumer spending
With price stability essentially achieved, a well-performing labor market should continue to be a significant tailwind for growth, especially for consumer spending, in the last two quarters of the year. … READ MORE >
Expect strong U.S. jobs report for August, but the devil is in the details
We expect a net gain in total employment of 175,000 jobs and an unemployment rate of 4.2% when the employment report is released on Sept. 6. … READ MORE >
With higher capital gains tax rate, Canada renews debate over growth
While raising the capital gains tax rate might help the government boost revenue, it could delay the economic recovery that Canada needs by temporarily discouraging investment. … READ MORE >
Demand for business spending on equipment falls in July
Core capital goods orders, which exclude aircraft and defense spending, posted a 0.1% decline in July. … READ MORE >
Canada’s rail strike disrupts supply chains
Even if the strike is resolved quickly and significant damage is avoided, this strike is the latest of events that highlight the need for companies to develop supply chain resiliency. … READ MORE >