jobs data

Canada’s unemployment rate surges in wake of strong population growth

April 5, 2024 1 Comment

Canada’s unemployment rate surged to 6.1% in March, driven largely to population gains outpacing job growth.

2024 rate-cut forecasts being revised following today’s mixed-bag jobs report

February 9, 2024 2 Comments

Today’s employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the year.

No more rate hikes expected as unemployment rate rises to 21-month high

November 3, 2023 1 Comment

Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say.

August job gains keep Bank of Canada rate hikes in play

September 8, 2023 1 Comment

Surprisingly strong employment gains in August are keeping the door open to an additional Bank of Canada rate hike this year, economists say.

Employment surprises to the upside in March

March jobs data “must be worrying” to the Bank of Canada

April 6, 2023 No Comments

Canada’s economy continued to motor on in March with the creation of nearly 35,000 new jobs, once again beating economist forecasts.

“Explosive” job growth raises the likelihood of another rate hike

January 8, 2023 2 Comments

Job growth is usually celebrated as a sign of a strong economy, but it’s not the kind of thing the Bank of Canada wants to see as it struggles to bring down inflation.

Latest in Mortgage News: Newton Launches Rate Search Engine “Discovery”

October 11, 2019 No Comments

Newton Connectivity Systems this week launched its new broker rate search engine, Discovery. The system, which also serves as a rate distributor for lenders, promises