Statistics Canada to release job market numbers for October - National | Globalnews.ca

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Statistics Canada to release job market numbers for October

The report comes as economists worry about a possible recession.

The Bank of Canada has predicted the economy will stall in the coming months with growth close to zero.Lowes selling Canadian retail business, including RONA stores, to private U.S. equity firm The central bank raised its key interest rate by half a percentage point last month to 3.75 per cent in an effort to bring down stubbornly hot inflation.

The Canadian economy added 21,000 jobs in September, while the unemployment rate fell to 5.2 per cent compared with 5.4 per cent in August as fewer people searched for work.

 

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