‘Bumps up the risks’ of early rate hike: Reaction to Canada’s jobs recovery
BNN Bloomberg
The labour update from Statistics Canada on Friday prompted reflection on Bay Street and beyond about where Canada's economy is heading, and how the Bank of Canada might respond.
Sometimes a picture doesn't speak a thousand words. This one speaks one: recovery.
After adding 157,100 net new jobs in September, Canada's economy has recouped all of the positions that were lost to date in the pandemic, as employment returns to levels last seen in February 2020.
It's a remarkable recovery, after almost three million jobs were wiped in just a two-month span early last year.
The labour update from Statistics Canada on Friday prompted reflection on Bay Street and beyond about where Canada's economy is heading, and how the Bank of Canada might respond.
Here's some of the analysis that's being sent around by top economists to their clients.
