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Canada's labour market has remained remarkably strong despite signs of an economic slowdown. The unemployment rate fell to a record-low of 4.9 per cent in the summer and has edged up only slightly since then. “We had several months of very weak reports through the summer and early autumn, then we had a gangbusters report in October. And now we're kind of back to a treading water kind of report,” he said.In November, wages were up 5.6 per cent compared to a year ago, marking the sixth consecutive month of above 5.0 per cent growth. In October, the annual inflation rate was 6.9 per cent.
The central bank is hoping to see the labour market ease in response to its aggressive interest rate hikes this year. As the Bank of Canada nears the end of the rate hiking cycle, markets will be watching out for any indication next week on whether to expect another rate hike in January.
People pay thousands of $$ going to college and uni only to get pay 20$/hr education needs to be free or cheaper and min wage need to be higher, 20$/hr should be the aim for min wage within the next 5 years
In the New Year there will be Mass layoffs already starting in the states and if American sneezes Canada catches a cold
Not the best job market for new graduates, but considering this looming recession we are going into I guess this news is a relief-ish
This is a unicorn.....people have to understand that these numbers lag with the interest rate hikes....come March next year....lots of people are going to feel the hurt in my opinion
This is the journalism Trudeau bought and paid for, what a joke
Who wants to work when other ppl work to fund you through taxes
A very tiny percentage of these jobs pay a liveable wage
Tim Hortons and labor jobs
this happens every nov dec its temp hires for the season
Isn’t that opposite to what the bank of Canada is trying to accomplish. What could this mean…?! 🤔🙄😞
Yeah.... Second and third jobs don't count
Tim Hortons?🤣