Unemployment Rate Rises as Job Seekers Left Out in the Cold

Canadian Economics    December 6, 2024

In 2024, Canada’s labour market continued to cool as employment struggled to keep with pace with robust labour force gains. The unemployment rate is on track to average 6.3 per cent in 2024, above the averages of 5.3 and 5.4 per cent recorded in 2022 and 2023, respectively.

Quick take  •  3-min read
Liam Daly

Trade Deficit Narrows to $924 Million in October

Canadian Economics    December 5, 2024

Canada’s merchandise exports were up 1.1 per cent in October mainly due to higher exports of metal and non-metallic mineral products. Meanwhile, total imports rose 0.5 per cent on the back of increased imports of metal and non-metallic minerals, and energy products. As a result, Canada’s merchandise trade deficit narrowed to $924 million in October.

Quick take  •  2-min read
David Ristovski

Toronto skyline

Economy Sees Modest Growth in Third Quarter, Propelled by Households and Government

Canadian Economics    November 29, 2024

Today’s release of GDP estimates shows that growth in Canada’s economy was sluggish in the third quarter compared to the first half of the year. However, government spending on social programs and infrastructure helped stabilize the economy, along with robust population growth.

Quick take  •  3-min read
Viktor Cicman

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