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 >
Canadian unemployment
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 >
RSM’s economic outlook for Canada in eight charts
Economies respond to financial conditions, which are determined by market expectations for monetary policy. With inflation still elevated and demand surging in Canada, we expect the Bank of Canada to continue raising interest rates to cool an overheating economy. While the Canadian economy may ... READ MORE >
Canada employment steady as more sectors return to pre-pandemic levels
Canada’s economy continued its gradual recovery as the unemployment rate fell to 6.7% in October, the fifth month of decline in a row, according to data released Friday by Statistics Canada. Canada added 31,200 jobs on the month, little changed from the previous month and a signal that the economy is ... READ MORE >