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. … READ MORE >
Canada jobs report
Canada failed to add jobs in December
Canada lost 23,500 full-time jobs in December, replaced by a gain of 23,600 part-time positions. … READ MORE >
Canada’s unemployment rate rises to 5.7% as hiring slows
The Canadian economy added 18,000 jobs in October, down from a gain of 63,800 in September, as the unemployment rate rose by 0.2% to 5.7%. … READ MORE >
Canada’s job market remains resilient, adding 64,000 jobs
The Canadian economy remained resilient in September, adding 64,000 jobs as the unemployment rate was unchanged at 5.5%. … READ MORE >
Soft landing likely as Canada added 40,000 jobs in August
A look at August’s job report reveals clear signs of a soft landing. Canada added 40,000 jobs, smashing expectations, and offset the modest loss in July many times over. The unemployment rate was unchanged at 5.5%. Immigration has played a vital part in keeping the economy buoyant as job growth was led by population growth. … READ MORE >
Canada’s job market slows as unemployment rate hits 5.5%
Canada’s unemployment rate rose to 5.5%, the third consecutive increase for the first time since March 2020, the onset of the pandemic. … READ MORE >
Canada added 41,400 jobs in April amid resilient labor market
The strong jobs report should get the attention of the Bank of Canada as it weighs its next move in June. … READ MORE >
Canada’s job gains came in hotter than expected as wage growth spiked
The net change in Canada’s total employment dropped to 21,800 from a whopping 150,000 increase in January yet remained above the expectations of only 10,000. … READ MORE >
Canada adds a robust 150,000 jobs in January as wage growth eases
Robust job gains combined with the unemployment rate holding steady near a record low at 5% should push the expectations of a recession—even a mild one—on hold, or at least push them to the second half of the year. … READ MORE >
Canada job gains top forecast, complicating decision on rates
The Canadian labour market added 104,000 net jobs in December, significantly higher than the forecast of 5,000. … READ MORE >