Stronger than expected Canadian jobs report for September reduces the chances of a 50-bp rate cut on October 23

October 15, 2024

Stronger-Than-Expected September Jobs Report Reduces Prospect Of Larger Rate Cuts  Statistics Canada released September employment data today, showing a marked uptick in job growth and the first decline in the unemployment rate this year. Employment rose by 46,700 in September, following four months of little change.  Despite the employment gain, the employment rate—the proportion of the population aged 15 and older who is […]

Weak Canadian Labour Force Survey Sets The Stage For Further Rate Cuts

September 6, 2024

Weaker-Than-Expected August Jobs Report Raises Prospect Of Larger Rate Cuts Statistics Canada released August employment data today, showing continued growth in excess supply in labour markets nationwide. Employment changed little last month, up 22,100. The employment rate—the proportion of the population aged 15 and older who are employed—decreased a tick to 60.8%, marking the fourth consecutive monthly decline and the 10th decline […]
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