Canada's economy in October continued the trend of a weak labour market, adding only 15,000 jobs. Although the unemployment rate remained unchanged at 6.5 per cent, this has been because of people dropping out or staying out of the workforce, as the labour force participation rate fell to 64.8 per ... READ MORE >
Canada jobs report
Canada added 47,000 jobs in September as jobless rate fell to 6.5%
Canada's economy showed resilience in September, adding 47,000 jobs as the unemployment rate fell to 6.5 per cent—the first drop since January. The increase in jobs, the largest since April, gives confidence that Canada can maintain a soft landing until the Bank of Canada's rate cuts, which began in ... READ MORE >
Canada’s job market continued to cool in August
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. The employment rate rose 0.1 percentage points to 60.8 per cent. More rate cuts are needed, and it will take time for the recent ... READ MORE >
Canada’s unemployment rate rose to 6.4 per cent, calling for further rate cuts
Canada's jobs report for June underscores the weakness of the labour market and calls for another rate cut in July. 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. Job ... 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%, a full percentage point up from a year earlier. The employment rate fell by 0.1 percentage point to 61.3% While it’s still too early to say, the ... READ MORE >
Canadian economy showed resilience in April, adding 90,400 jobs
Resilience in the economy should not be a reason to delay rate cuts. While the stronger-than expected job report released on Friday speaks to the resilience of the Canadian economy, the long-term trend is an undeniable weakening in the job market. In April, Canada added 90,400 jobs, far surpassing ... READ MORE >
Canada’s unemployment rate surpasses 6% for the first time in over two years
To see why rate cuts are coming in Canada, look no further than the March job report. The unemployment rate reached 6.1%, surpassing 6% for the first time in over two years, according to Statistics Canada on Friday. While Canada has added more than 300,000 jobs over the past year, including a loss of ... READ MORE >
Canada’s jobs report offers mixed messages on rates
February’s jobs report for Canada did little to sway the Bank of Canada’s likelihood to begin cutting rates in June. The data released on Friday continues to send mixed messages to those who make monetary policy, a recurring theme for the past six months as the economy hangs on but does not ... READ MORE >
Canada’s job market exceeded expectations in January, adding 37,000 jobs
The Canadian economy refuses to go down without a fight. Nearly two years into a cycle of steep interest rate increases and after half a year with the policy rate at 5%, the economy added 37,000 jobs in January, far exceeding expectations. The unemployment rate fell for the first time in over a ... READ MORE >
Canada failed to add jobs in December
The Canadian economy is slipping into no-growth territory. In December, Canada lost 23,500 full-time jobs, replaced by a gain of 23,600 part-time positions. Still, the mixed signals that dominated the latter half of last year have not given way to more unanimous signs of a stalling economy. The ... READ MORE >