Dr. Sherry Cooper, Chief DLC Economist Articles

Canadian Employment Gains Strong in February – Up 41,000

Today’s StatsCanada Labour Force Survey for February was a mixed bag and shows the dramatic effect of surging immigration. Canadian employment rose by a much stronger-than-expected 41,000, dominated by a 71,000 rise in full-time jobs.

BoC Holds Rates Steady Waiting To See Further Declines In Core Inflation

Today, the Bank of Canada held the overnight rate at 5% for the fifth consecutive meeting and pledged to continue normalizing the Bank’s balance sheet.

No Recession in Canada, as GDP Growth Rose 1%

The fourth quarter growth was fuelled by higher oil exports and was moderated by a significant decline in business investment. Housing investment declined again in Q4–a sixth decline in the last seven quarters.