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StatCan to release data on how Canada’s job market did in October

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The Bank of Canada's aggressive interest rate hikes have dampened economic growth this year as people and businesses pull back on spending.

RBC says it expects the economy added a modest 15,000 jobs last month, and that the unemployment rate ticked higher to 5.6 per cent.The Bank of Canada’s aggressive interest rate hikes have dampened economic growth this year as people and businesses pull back on spending.Economists are watching for more evidence that this economic softness is spilling over into the labour market.

The unemployment rate has risen by half a percentage point so far this year to 5.5 per cent and is expected to continue rising.‘Serious health risks’ possible from cord blood stored at Edmonton facility

 

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