Canadian Unemployment Rate in April at 6.5%–Lowest Rate Since October 2008 — But Annual Wage Gains fell to Another Record Low Vancouver, B.C. – Canada’s economy generated virtually no net new job growth in April, on the heels of a multi-month employment rally that was the strongest in years. Employment has now increased in 15 of
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Dr Sherry Cooper
Canadian Interest Rates Have Bottomed And Housing Has Peaked
on October 21st, 2015
It is no surprise to anyone that the Bank of Canada maintained its target overnight rate at 1/2 percent today, judging that the underlying trend in inflation continues to be about 1.5 to 1.7 percent. Even before the landslide sweep of the Liberal Party into power, assuring a more stimulative fiscal policy next year, the
Canadian Jobs Data Weak As Expected
on July 11th, 2015
Canada lost 6400 jobs in June, with the unemployment rate stable at 6.8%.Economists had expected a weak employment report for June on the heels of the larger-than-expected gain in May. Canadian employment fell by 6,400 last month as the biggest decline in part-time work in more than four years dwarfed gains in full-time positions. The
