Canadian Labour Market Adds Jobs, But Losing Steam
Canadian Labour Market Adds Jobs, But Losing Steam Canadian economy adds 9,500 jobs in October Unemployment rate edges up to 6.2%
Once again, the Canadian employment report surprised on the upside. Despite an uptick in the unemployment rate to 6.2% (previously 6.1%), employment rose by 9,500 jobs in October, almost a mirror image of the -10,000 […]
Canadian Employment Rises Unexpectedly; the Unemployment Rate Bumps up to 6.2%
Canadian Employment Rises Unexpectedly; the Unemployment Rate Bumps up to 6.2%
Employment in Canada rose 9,500 in October, stronger than market expectations of a 10,000 drop, after the 107,000 surge in September. However, the modest increase in employment did not prevent the unemployment rate from rising to 6.2% from 6.1% in September. The key wage measure […]
Canadian GDP Moves into Negative Territory
Canadian GDP Moves into Negative Territory
Canada’s economy contracted in August with real GDP falling by 0.3%, a more modest dip than market expectations with forecasters looking for a 0.5% decline, following July’s much stronger-than-expected 0.7% surge.
Both goods and services sector output contracted in August with the goods sector slumping by 0.6% on the back […]