The second consecutive monthly fall in employment will raise a few eyebrows at the Bank of Canada but, as retirements were partly to blame, the unemployment rate remained at a record low and wage growth is strong, we doubt it will prevent a further 100 bp of policy rate hikes over the Bank’s next two meetings.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.