Category: Canadian Economy

Mar 8

‘Little to sway Bank of Canada to begin cutting rates’: Economists on the February jobs data

Breadcrumb Trail Links News Economy Wage growth still too high to bring inflation down Canada’s economy created 41,000 jobs in February, all of them full time, said Statistics Canada. Photo by Nathan Denette/The Canadian Press Article content The Canadian economy produced double the jobs forecasted by analysts, but the unemployment rate rose to 5.8 per […]
Jun 29

Ontario’s explosive population growth could come with an economic catch

Breadcrumb Trail Links Economy Surge in non-permanent residents might not last, putting the province’s growth on potentially shaky ground, says Desjardins Ontario’s surging population growth is being driven by an increase in non-permanent residents that might not last, says Desjardins Economics. Photo by Postmedia Article content Ontario’s surging population growth is being driven by an […]
Jan 6

Interest rates headed higher after Canada’s job gains blow past expectations

Breadcrumb Trail Links News Economy Kevin Carmichael: Employers added more than 100,000 positions in December, a number likely too robust for the Bank of Canada Employment in Canada rose by 104,000 jobs in December, and the unemployment rate declined 0.1 percentage points to 5.0 per cent. Photo by Getty Images Article content It looks like […]
Jan 6

‘The Bank of Canada isn’t done yet’: Blockbuster jobs report means more rate hikes in store, economists say

Breadcrumb Trail Links News Economy Here’s what economists have to say about the latest jobs report and what it means for interest rates Canada added 104,000 jobs in the month of December. Photo by Winnipeg Sun Article content December’s blockbuster jobs report points to continued strength in the labour market, and indicates the Bank of […]