employment figures Archives - Mortgage Rates & Mortgage Broker News in Canada

2024 rate-cut forecasts being revised following today’s mixed-bag jobs report

February 9, 2024 2 Comments

Today’s employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the year.

No more rate hikes expected as unemployment rate rises to 21-month high

November 3, 2023 1 Comment

Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say.

August job gains keep Bank of Canada rate hikes in play

September 8, 2023 1 Comment

Surprisingly strong employment gains in August are keeping the door open to an additional Bank of Canada rate hike this year, economists say.

Employment surprises to the upside in March

Bank of Canada expected to remain cautious despite weaker July employment results

August 4, 2023 No Comments

While July’s employment report was weaker than expected, economists say the Bank of Canada will continue to watch for signs of slowing inflation and economic growth prior to its September rate decision.

Unemployment rate rises to 5.4% despite job growth. BoC rate hike still on track

July 7, 2023 No Comments

The creation of 60,000 new jobs in June wasn’t enough to keep the national unemployment rate from rising to a seven-month high.

“Explosive” job growth raises the likelihood of another rate hike

January 8, 2023 2 Comments

Job growth is usually celebrated as a sign of a strong economy, but it’s not the kind of thing the Bank of Canada wants to see as it struggles to bring down inflation.

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