Canada’s jobless rate rises to 6.2% in May
Weakening economy and high interest rates push businesses to rein in hiring
- By: Nojoud Al Mallees, Canadian Press
- June 7, 2024 June 7, 2024
- 15:10
Weakening economy and high interest rates push businesses to rein in hiring
Corporate and government borrowing hits highest level since pandemic
Hard-hit sectors likely to feel the brunt of a decline in cheap labour
All provinces recorded year-over-year increases in asking rents for purpose-built and condo rentals
Analysts say the quarter-point cut is unlikely to usher in a swift series of further cuts
More buyers are expected to enter the market as borrowing costs begin to decrease
Governor says if inflation continues to ease, it is reasonable to expect further cuts
The value of money owed by governments rose by US$5.6 trillion from 2022, UN Trade and Development says
Rate cuts on tap this year, although size and timing remain data driven
Markets expect the central bank to cut its key lending rate by one-quarter of a percentage point on Wednesday
Credit data can help with early detection of memory-related conditions, research finds
Beyond a small direct economic impact, more girls playing sports is a win
StatsCan said growth in the first quarter was powered by higher household spending
Investment levels in Canada’s private sector dampened by higher government spending, volatility in U.S. trade relations: Poloz
Deal volume rises, transaction value stable to start the year
Canada's population size expected to be 2.5% smaller in 2027, compared with original estimates, due to policy changes: report
Outperformance tends to be relatively short-lived, says latest persistence scorecard
Jobless claims for the week ending May 25 rose by 3,000 to 219,000, up from 216,000 the week before
Consumer spending also rose in the last quarter, but at a slower pace than previously thought
Key reason for the delay in cuts is lingering effects of the pandemic