Employment showed modest growth in February after months of strong jobs gains, raising concerns that a bustling labour market could lead to more interest rate hikes.
Construction is shown at the site of a new condominium project in downtown Toronto, Tuesday, Jan. 24, 2023.
The federal agency said the country’s unemployment rate held steady at five per cent, hovering near record-lows. Although the jobs gains are less than previous months, TD’s director of economics James Orlando said it’s still “too high.” Signs of that slowdown are already apparent. In the fourth quarter, the Canadian economy was treading water, posting zero per cent growth.
“It looks like there’s a resurgence in some of this data, specifically in the labour market and in the Canadian consumer,” he said.Sign up for our newsletter to get breaking news and daily digests sent to your email.“The Bank of Canada needs to see a turn in the economy. We cannot keep getting job growth.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
As Fed looks to hike interest rates higher, Rogers says BoC can carve its own pathCanada faces its own set of economic challenges and its central bank is setting interest rates accordingly, the Bank of Canada's senior deputy governor said Thursday after the central bank held its key interest rate steady for the first time in a year, diverging from the U.S. Federal Reserve.
Lire la suite »
BoC holds interest rate at 4.5 per cent: Why?BNN Bloomberg's Andrew Bell explains the reasoning why Bank of Canada Governor Tiff Macklem held the interest rate at 4.5 per cent.
Lire la suite »
BoC holds interest rate at 4.5 per cent: Why?BNN Bloomberg's Andrew Bell explains the reasoning why Bank of Canada Governor Tiff Macklem held the interest rate at 4.5 per cent.
Lire la suite »
Money markets sharply lower bets of further BoC rate hike this year after jobs dataWhat economists are saying
Lire la suite »
Here's what economists say the jobs strength means for BoCThe continued strength in the labour market in an otherwise slowing economy has complicated the path forward for the central bank.
Lire la suite »
U.S. job cuts over January and February hit highest level since 2009: reportThe report showed that the tech sector accounted for more than a third of the more than 180,000 U.S. job cuts announced on Thursday
Lire la suite »