Unemployment Rate Rises for the First Time in a Long Time

Canadian Economics    June 9, 2023

After five months anchored at 5.0 per cent, the unemployment rate in Canada rose by 0.2 points to 5.2 per cent. This was the first increase in the jobless rate since August 2022. Meanwhile, employment was largely unchanged in May, while the participation rate inched down to 65.5 per cent.

Quick take  •  3-min read
Liam Daly

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The Bank of Canada Increased the Overnight Rate to 4.75 Per Cent

Canadian Economics    June 7, 2023

Canadian housing markets could spell trouble for the economy overall. Despite housing sales increasing by 11.3 per cent in April, Canadian housing prices have declined April year-over-year by 3.9 per cent. At the core of this are interest rates which have continued to sour the notion of housing affordability as mortgage holders have to pay more to service their debt.

Quick take  •  3-min read
Walter Bolduc

Exports Rise After Two Consecutive Months of Decline

Canadian Economics    June 7, 2023

Canadian exporters will encounter a range of competing forces over the next several months due to a slowed global economy. A slowdown in the U.S. economy will be one of the biggest challenges Canadian exporters will face in the short run.

Quick take  •  2-min read
David Ristovski

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