According to ADP Canada’s Happiness@Work Index for May, the National Work Happiness Score reached 6.7 out of 10, representing an increase 0.1 points from April.
Canadian households are piling on credit card debt at a faster pace, according to data released by Statistics Canada on Wednesday.
The Canadian economy expanded at a faster-than-expected pace in the first quarter, growing at a 3.1 per cent annualized pace, sailing past economist expectations for a 2.5 per cent print.
Economists says Canada’s latest GDP figures raise the odds of further rate hikes from the Bank of Canada, though the central bank may wait for more data before stepping off the sidelines.
The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again.
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