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

Canadian job growth stalls in February, BoC rate cut expected next week

March 7, 2025 No Comments

After three months of steady job gains, February saw a surprising slowdown, with employment growth stalling at just 1,100 new positions.

Canada’s January job surge beats expectations, but trade war uncertainty casts a shadow

February 7, 2025 No Comments

Despite stronger-than-expected job growth in Canada for January, economists remain cautious as the looming threat of a trade war with the U.S. casts uncertainty over key sectors like manufacturing.

Strong job growth in December raises doubts about January rate cut

January 10, 2025 No Comments

As Canada’s job market surged in December, economists are now questioning whether the Bank of Canada will move forward with another rate cut this month.

Bond market bets on 50-bps Bank of Canada rate cut next week after rise in unemployment

December 6, 2024 No Comments

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.”

Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada’s next move

October 11, 2024 No Comments

Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month.

Will rising unemployment hasten the Bank of Canada’s coming rate cuts?

July 5, 2024 No Comments

Canada’s labour market stumbled in June, with the unemployment rate rising to 6.4%, up from the previous month.

Canada’s unemployment rate surges in wake of strong population growth

April 5, 2024 1 Comment

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

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.

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