Unemployment Rate Slides Up Again in August

Canadian Economics    September 6, 2024

In August, for the fourth consecutive month, employment in Canada was little changed. Another rise in the unemployment rate was recorded, bringing the rate to 6.6 per cent. Job growth remains in a rut amid subdued hiring, particularly across the private sector.

Quick take  •  2-min read
Liam Daly

The Bank of Canada Cuts Rates Further in September

Canadian Economics    September 4, 2024

Inflation is moving in a positive direction, an important factor in the Bank’s decision to cut rates again this month, and a move welcomed by consumers and businesses alike. While persistent price growth for services remains a challenge, inflation in other key categories continues to ease. Looking ahead, we are in line with the Bank’s thinking that their 2 per cent target will be reached in mid-2025.

Quick take  •  3-min read
Walter Bolduc

Reduced Motor Vehicles and Parts Imports Drives the Canadian Trade Balance to a Surplus

Canadian Economics    September 4, 2024

Exports of motor vehicles and parts posted sharper declines than all other product categories. Exports of passenger cars and light trucks dropped by 5.9 per cent in July and are now sitting at 24.8 per cent below their high reached in October 2023, coinciding with a reduction in Canadian auto manufacturing production.

Quick take  •  2-min read
David Ristovski

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