The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday.
The tight labour market reflected in Statistics Canada’s latest jobs report means the Bank of Canada will need to stay "vigilant" with its interest rate hikes in order to rein in inflation, one economist says.
The national unemployment rate held steady at 5.1 per cent in November. Here are the jobless rates last month by city, province and territory.
Stocks and bonds faced a lot of instability, with a hot jobs report fueling bets the U.S. Federal Reserve will keep tightening even if officials downshift the pace of hikes this month.
We’ll get insight into the state of the Canadian labour market when the latest employment figures are released this morning at 8:30 a.m. EST.
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