The Daily Chase: Canada loses jobs in May; Brookfield to snap up Network International
The Canadian labour market finally faltered in May, shedding 17,300 jobs to post the first decline since last August.
The Canadian labour market finally faltered in May, shedding 17,300 jobs to post the first decline since last August.
Canada’s economy ended its eight-month run of employment gains with minor job losses, mostly concentrated among youth and self-employed people.
An economist who was the first to predict a June rate hike from the Bank of Canada said she expects another increase next month as sticky inflation remains a concern.
Canada’s economy is poised to enter a recession as soon as the third quarter, and it’s going to be a painful one for many people, according to Manulife Investment Management’s global chief economist.
The Bank of Canada has set its sights on 'corporate pricing behaviour' in its battle with inflation – a shift economists say is noteworthy, though it’s not yet clear how the bank is viewing the role of corporate profits in today’s elevated consumer prices.
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