The central bank expects a strong economic recovery starting this summer
The unemployment rate was 8.2% in May, little changed from 8.1% in April
The prime minister says young people are facing “a housing crisis”
The PBO estimate that budget deficits over the next five years will be $117.1 billion more than pre-budget forecasts
However, the central bank doesn't yet see a need to offer its own digital currency
The bank is working on issuing a federal green bond proposed in last month's federal budget
In its latest report, the central bank raised concerns about Canada's heated housing market
The increase wasn't a surprise given last year's drop in prices
The uneven impact of the pandemic on certain sectors, workers must be addressed, he said in a speech
Canada's unemployment rate jumped to 8.1% as the country posted 207,000 job losses in April, according to StatsCan