The data in Canada’s labour survey for August paints a picture of a cooling job market as the economy added a mere 22,000 jobs and the unemployment rate rose to 6.6 per cent. … READ MORE >
Bank of Canada
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 >
Canada’s inflation fell to 2.5 per cent, solidifying case for rate cut
Inflation numbers have consistently come in below expectations this year and is firmly on track to reach 2 per cent next year. … READ MORE >
Canada’s weak job market supports further rate cuts
Canada’s July jobs report spelled out the need for more rate cuts as the economy shed 2,800 jobs, according to data released Friday by Statistics Canada. … READ MORE >
Bank of Canada reduces rate to 4.5 per cent amid disinflation
With widespread disinflation and rising unemployment, our estimates show that the Bank of Canada’s policy rate is still a percentage point too high. … READ MORE >
Canada’s economic outlook: The dawn of recovery
While challenges remain in Canada’s economy, particularly high housing costs, expected rate cuts and continued population growth provide a foundation for renewed prosperity. … READ MORE >
Canada’s unemployment rate rose to 6.4 per cent, calling for further rate cuts
The economy lost 1,400 jobs in June. The unemployment rate jumped by 0.2 percentage points to 6.4 per cent and the employment rate fell by 0.2 percentage points to 61.1 per cent. … READ MORE >
Canada’s inflation rises to 2.9% but rate cut remains on the table
Disinflation will be the theme in the Canadian economy for the rest of the year, despite the inflation uptick in May. … READ MORE >
Canada’s unemployment rate rises to 6.2 per cent, bolstering case for further rate cuts
Canada’s jobs report for May showed that the labour market continued to soften as the economy added 27,000 jobs and the unemployment rate inched up to 6.2%. … READ MORE >
The case for rate cuts: Read our chief economist’s op-ed in Barron’s
The recent rate cuts by the Bank of Canada and the European Central Bank are just the beginning of a global shift to growth-oriented monetary policies, RSM’s chief economist Joe Brusuelas wrote in Barron’s in April. … READ MORE >