by sasha@traceyrobinson.ca | Aug 9, 2023 | Uncategorized
The July Labour Force Survey was weaker than expected, although wage inflation reaccelerated to 5.0%. The Canadian economy shed 6,400 jobs in July, far weaker than the 25,000 gain that was expected. The jobless rate was 5.5%, the third consecutive monthly rise. This...
by sasha@traceyrobinson.ca | Jun 13, 2023 | Uncategorized
May’s Softer Labour Market Data Ended The Longest Run Of Job Gains Since 2017 Ironically, the May Labour Force Survey showed a modest slowdown two days after the Bank of Canada surprised the markets by raising interest rates. Employment was little changed in...
by sasha@traceyrobinson.ca | Jun 8, 2023 | Uncategorized
After the Bank of Canada hit pause in February, even stating themselves that they felt we were done with increases, this was a complete sucker punch yesterday with an increase of 0.25%. With a strong Labour Market and a Hot Housing Market, the thought now is that...
by sasha@traceyrobinson.ca | May 18, 2023 | Uncategorized
Headline inflation fell from 5.2% in February and 5.9% in January to 4.3% in March. There’s been an unexpected hiccup in the Bank of Canada’s ongoing battle against inflation. Year-over-year, price pressures escalated to 4.4% in April, an uptick from the...
by sasha@traceyrobinson.ca | May 9, 2023 | Uncategorized
Today’s Labour Force Survey for April surprised on the high side for the fifth month in a row. The Canadian labour market has done it again, blowing past expectations for the fifth straight month. In April, a whopping 41,400 new jobs were added, more than double...
by sasha@traceyrobinson.ca | Apr 18, 2023 | Uncategorized
Inflation fell from 5.2% in February and 5.9% in January to 4.3% in March. Great News On The Inflation Front The Consumer Price Index (CPI) fell sharply in March to 4.3% year-over-year, continuing a pattern of repeated declines. Before we break out the champagne,...
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