labour data Archives - Mortgage Rates & Mortgage Broker News in Canada

Jobless rate hits 7%, but markets trim odds of July rate cut as job losses come in softer than expected

June 6, 2025 No Comments

Canada’s labour market continued to weaken in May, with the unemployment rate rising to 7%—the highest since 2016, excluding the pandemic years. But the deterioration was less severe than many economists had expected.

Five things to watch for in the Canadian business world in the coming week

June 1, 2025 No Comments

Five things to watch for in the Canadian business world in the coming week:

Job losses, tariff fears push BoC rate cut odds to near 50%

April 6, 2025 No Comments

March’s surprise job losses—the first in three years—signal early signs of trade war impacts on the Canadian economy, raising the odds of an April rate cut to 50%.

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.

Will rising unemployment hasten the Bank of Canada’s coming rate cuts?

July 5, 2024 No Comments

Canada’s labour market stumbled in June, with the unemployment rate rising to 6.4%, up from the previous month.

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.

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.

“Explosive” job growth raises the likelihood of another rate hike

January 8, 2023 2 Comments

Job growth is usually celebrated as a sign of a strong economy, but it’s not the kind of thing the Bank of Canada wants to see as it struggles to bring down inflation.

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