Canada’s labor market remained resilient in April despite increasing recession fears. All key numbers released by Statistics Canada on Friday came in stronger than expected—maybe too strong for the Bank of Canada’s comfort as it tries to tame inflation. The jobs report should raise the chance of a rate ... READ MORE >
Bank of Canada
Canadian recession tracker: Preparing for landing
As the Bank of Canada tries to tame inflation and simultaneously guide the economy to a soft landing, most market participants are skeptical that it can pull off the feat. After months of steep interest rate increases, the higher borrowing costs are only beginning to be felt in Canada's real ... READ MORE >
Tighter financial conditions threaten Canada’s growth
After two years of whipsaw change, Canada’s financial and commodity markets have entered a period of relative calm in recent months. Volatility in the stock market has eased, oil prices have declined and prices of raw materials have largely held steady. Even the elevated volatility in the bond ... READ MORE >
Canadian inflation fell to lowest since August 2021
Canada’s inflation rate dropped to 4.3% in March on an annual basis from 5.4% in the prior month, driven largely by comparisons to the surging energy and food prices of a year ago, according to data released by Statistics Canada on Tuesday. While disinflation was expected as the Bank of ... READ MORE >
Canada inflation slows in February
Canada's inflation plunged to 5.2% from 5.9% on a year-ago basis in February as comparisons to last year’s elevated numbers kicked in, Statistics Canada reported on Tuesday. Prices spiked during the same period last year because of supply chain disruptions and the war in Ukraine. Inflation ... READ MORE >
Canada’s job gains came in hotter than expected as wage growth spiked
February's jobs data in Canada showed a still-strong labor market that did not offer any relief in terms of keeping inflation under control. The net change in total employment dropped to 21,800 from a whopping 150,000 increase in January yet remained above the expectations of only ... READ MORE >
Canada’s annual inflation slows again, yet Bank of Canada’s work is not done
Canada’s inflation continued to decelerate on a year-ago basis for the seventh month in a row as the Bank of Canada’s rate-hike campaign to slow down the economy showed more results. The consumer price index rose by 5.9% from 12 months ago in January, down from 6.3% in December, and lower than the ... READ MORE >
Canada adds a robust 150,000 jobs in January as wage growth eases
The Canadian labor market continued to blow past expectations, adding 150,000 jobs in January despite mounting recession concerns, Statistics Canada reported on Friday. Robust job gains combined with the unemployment rate holding steady near a record low at 5% should push the expectations of a ... READ MORE >
Canadian economy grew by 0.1% in November
Canada’s gross domestic product edged up by 0.1% in November, the same rate of growth as October, as tightened monetary policies continued to slow the economy. For last three months of 2022, average growth was 1.6% annualized, down from 2.9% in the previous quarter, Statistics Canada reported on ... READ MORE >
Canada job gains top forecast, complicating decision on rates
The Canadian labour market once again kept managers, investors and, most important, the Bank of Canada on edge as it added 104,000 net jobs in December, significantly higher than the forecast of 5,000. December was the second month in the last three that job gains exceeded 100,000. The ... READ MORE >