Canadian Q2 Real GDP Growth A Bit Stronger Than Expected, But Per Capita Real GDP Falls for The Fifth Consecutive Quarter

August 30, 2024

Q2 Canadian Growth, Boosted By Record Population Gains, Slows In June And July Canada’s economy grew a bit more than expected in the second quarter, but falling per-capita gross domestic product and softening household consumption assure the Bank of Canada that it will cut rates for a third consecutive meeting next week.  Canadian GDP rose 2.1% annually in the second quarter, […]

Canadian Employment Growth Stalled In July, While the Jobless Rate Held Steady at 6.4%

August 9, 2024

Weaker-Than-Expected July Jobs Report Keeps BoC Rate Cuts In-Play Canadian employment data, released today by Statistics Canada, showed a continued slowdown, which historically would have been a harbinger of recession. This cycle, immigration has augmented the growth of the labour force and consumer spending, forestalling a significant economic downturn.  Employment declined again in July, down 2.8K. The employment rate—the proportion of […]
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