February Job Gains Double Forecast As Unemployment Rate Ticks Up 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...
The Bank of Canada holds rates steady until core inflation falls further 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. Policymakers remain concerned about risks...
Still no recession in Canada thanks to huge influx of immigrants This is the latest Blog post from Dominion Lending Centres Chief Economist, Dr. Sherry Cooper. Real gross domestic product (GDP) rose a moderate 1.0% (seasonally adjusted annual rate), a tad better than...