unemployment rate Archives - Mortgage Rates & Mortgage Broker News in Canada

Oxford warns of Canadian recession, says immigration slowdown and tariffs to blame

May 16, 2025 1 Comment

Oxford Economics now sees a Canadian recession as all but certain, citing a mix of global trade shocks, waning business investment and a slowdown in immigration.

Rising unemployment rate and weak job gains point to June Bank of Canada rate cut

May 9, 2025 No Comments

Following a steep March decline, modest job growth in April suggests tariff impacts are weighing on Canada’s economy, raising the odds of a 25 bps rate cut in June.

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.”

Mortgage arrears forecast to rise in Toronto and Vancouver

Toronto and Vancouver mortgage arrears set to hit highest levels in 10 years, CMHC warns

November 14, 2024 1 Comment

Mortgage arrears in Toronto and Vancouver are on track to rise to levels not seen in over a decade, according to a new forecast from Canada’s housing agency.

Canada’s job market poses a bigger risk than mortgage renewals: RBC

October 17, 2024 2 Comments

With mortgage renewal fears easing, RBC warns that a weakening job market could be the bigger threat to Canada’s economy

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.

unemployment rate