Policy rate cuts by the Bank of Canada and the U.S. Federal Reserve are in response to both countries’ economies absorbing adverse policy shocks along with a slowing pace of hiring and wage growth. … READ MORE >
Fed
Rising inflation, increased spending complicate Fed’s next decision
While nominal gains in spending and income look strong on the topline, adjusting for inflation is necessary—and subsequently implies an economy that is growing just above 1 percent. … READ MORE >
Canada’s job market cools as unemployment rises to 6.8%
The unemployment rate increased by 0.3 percentage points to 6.8 per cent — the highest since January 2017—as more people looked for work. … READ MORE >