Canadian labour market shows no signs of slowing despite high interest rates
Employment growth in Canada blew past economists’ predictions in January, even as forecasters had expected higher interest rates to weigh on the labour market.
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James Orlando
BoC expected to deliver eighth consecutive rate hike, but it’s probably the last one
Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet.
Region’s jobless rate edges up to 4.5% in November, labour market still hot, Statistics Canada says
Local employers added nearly 5,000 jobs to their payrolls in November, but the unemployment rate still edged up with the number of people looking for
CREA reports home sales in typically busy September continued to slow
Compared with a year ago, home sales in September were down 32.2 per cent and about 12 per cent below the pre-pandemic 10-year average for
Ottawa-Gatineau’s jobless rate ticks up to 4.1% in September as labour force grows
Region is still outperforming most major Canadian cities, with Toronto (six per cent), Calgary (5.2), Montreal (4.9), Edmonton (4.8) and Vancouver (4.5) all posting higher
History taught the Bank of Canada what happens when it doesn’t control high inflation
TD chief economist Beata Caranci said inflation today might feel especially challenging because Canadians have been shielded from inflation volatility for decades.
Ottawa-Gatineau’s jobless rate drops to 4.3% in May
Region’s red-hot economic growth continues as Ottawa-Gatineau employers added nearly 10,000 jobs to their payrolls last month, Statistics Canada says.
UPDATED: Inflation sets fresh three-decade high at 6.8% in April with little sign of cooling
The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April.
Economy gains momentum with 1.1% GDP growth in February, best month since March 2021
The Canadian economy surged ahead in February as pandemic-related restrictions eased, fuelling expectations by economists that the Bank of Canada will opt for another oversized
UPDATED: Bank of Canada raises key rate half a point to 1% and warns of further hikes to come
The Bank of Canada raised its key interest rate by the highest amount in more than 20 years and warned more rate hikes are
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