Under the weight of higher interest rates, Canada’s economy is slowing and the labour market is cooling. What are the trends that reveal the weakening of the labour market? Will this slackening labour market help to bring down wages gradually over the coming quarters?
After charting record lows in 2022, the unemployment rate is rising, as labour growth outpaces employment growth. How will the growing wedge between employment and labour force growth impact the unemployment rate in the months ahead? Which provinces are benefiting from Canadians relocating, driven by a desire for new opportunities, improved quality of life, and the flexibility provided by remote working?
Read the outlook to get our full analysis.
Disclaimer
Disclaimer: Forecasts and research often involve numerous assumptions and data sources and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.
There are no reviews yet.