
jobs data


Bond market bets on 50-bps Bank of Canada rate cut next week after rise in unemployment
Observers say that if there’s one economic indicator likely to be concerning Bank of Canada officials, it’s the higher-than-expected rise in Canada’s unemployment rate last month.”

Canada’s unemployment rate surges in wake of strong population growth
Canada’s unemployment rate surged to 6.1% in March, driven largely to population gains outpacing job growth.

2024 rate-cut forecasts being revised following today’s mixed-bag jobs report
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
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
Surprisingly strong employment gains in August are keeping the door open to an additional Bank of Canada rate hike this year, economists say.

March jobs data “must be worrying” to the Bank of Canada
Canada’s economy continued to motor on in March with the creation of nearly 35,000 new jobs, once again beating economist forecasts.

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

Latest in Mortgage News: Newton Launches Rate Search Engine “Discovery”
Newton Connectivity Systems this week launched its new broker rate search engine, Discovery. The system, which also serves as a rate distributor for lenders, promises