In Conversation with Dr. Sherry Cooper (June)
June 11, 2024Dr. Sherry Cooper joined Dominion Lending Centres President Eddy Cocciollo for In Conversation to discuss the latest updates from the Bank of Canada as of June.
May employment growth in Canada stalled as the unemployment rate ticked up to 6.2%
June 7, 2024May Jobs ReportIn the first major data release since the Bank of Canada cut interest rates on Wednesday, Statistics Canada Labour Force Survey for May showed a marked slowdown from the April surge. Employment was little changed and the employment rate fell 0.1 percentage points to 61.3%, the seventh decrease in the past eight months. The number of employed people increased […]
May employment growth in Canada stalled as the unemployment rate ticked up to 6.2%
June 7, 2024May Jobs Report In the first major data release since the Bank of Canada cut interest rates on Wednesday, Statistics Canada Labour Force Survey for May showed a marked slowdown from the April surge. Employment was little changed and the employment rate fell 0.1 percentage points to 61.3%, the seventh decrease in the past eight months. The number of employed […]
Bank of Canada Cuts Overnight Rate 25 bps to 4.75%
June 6, 2024A Collective Sigh of Relief As The BoC Cut Rates For the First Time In 27 Month Today, the Bank of Canada boosted consumer and business confidence by cutting the overnight rate by 25 bps to 4.75% and pledged to continue reducing the size of its balance sheet. The news came on the heels of weaker-than-expected GDP growth in the […]
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