employment figures Archives - Mortgage Rates & Mortgage Broker News in Canada

Canadian job growth stalls in February, BoC rate cut expected next week

March 7, 2025 No Comments

After three months of steady job gains, February saw a surprising slowdown, with employment growth stalling at just 1,100 new positions.

Canada’s January job surge beats expectations, but trade war uncertainty casts a shadow

February 7, 2025 No Comments

Despite stronger-than-expected job growth in Canada for January, economists remain cautious as the looming threat of a trade war with the U.S. casts uncertainty over key sectors like manufacturing.

Strong job growth in December raises doubts about January rate cut

January 10, 2025 No Comments

As Canada’s job market surged in December, economists are now questioning whether the Bank of Canada will move forward with another rate cut this month.

Bond market bets on 50-bps Bank of Canada rate cut next week after rise in unemployment

December 6, 2024 No Comments

Observers say that if there’s one economic indicator likely to be concerning Bank of Canada officials, it’s the higher-than-expected rise in Canada’s unemployment rate last month.”

Canada’s job market poses a bigger risk than mortgage renewals: RBC

October 17, 2024 2 Comments

With mortgage renewal fears easing, RBC warns that a weakening job market could be the bigger threat to Canada’s economy

2024 rate-cut forecasts being revised following today’s mixed-bag jobs report

February 9, 2024 2 Comments

Today’s employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the year.

No more rate hikes expected as unemployment rate rises to 21-month high

November 3, 2023 1 Comment

Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say.

August job gains keep Bank of Canada rate hikes in play

September 8, 2023 1 Comment

Surprisingly strong employment gains in August are keeping the door open to an additional Bank of Canada rate hike this year, economists say.

Employment surprises to the upside in March

Bank of Canada expected to remain cautious despite weaker July employment results

August 4, 2023 No Comments

While July’s employment report was weaker than expected, economists say the Bank of Canada will continue to watch for signs of slowing inflation and economic growth prior to its September rate decision.

Unemployment rate rises to 5.4% despite job growth. BoC rate hike still on track

July 7, 2023 No Comments

The creation of 60,000 new jobs in June wasn’t enough to keep the national unemployment rate from rising to a seven-month high.

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