Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.
Tag Archives Bank of Canada
Canada’s jobs growth stalls in December as wages accelerate
Declines in goods sector driven by job losses in manufacturing, construction and agriculture
Editor’s Take: Booms and busts
I’m just old enough to remember the farm bust of the 1980s. I was a teenager at the time, and like all good parents would, my folks tried to shield me from the worst of their worries and woes. But I grew up on a grain farm, and in that era, troubles were unavoidable all
Comment: Are interest rates the right tool?
The Bank of Canada’s ‘resolute’ fight against inflation could threaten its credibility
The Bank of Canada “resolutely” declared it will fight inflation by raising interest rates. To demonstrate its unwavering commitment to reach its two per cent inflation target, the eighth consecutive interest rate hike on Jan. 25 brings the policy rate to 4.5 per cent. The bank’s logic is this: when demand outpaces what the economy
Smaller interest rate hike signals ‘the end of the front loading’
Slowing pace suggests future hikes could be more moderate, observers say
There could be a bright side to the latest Bank of Canada rate hike, says Farm Credit Canada economist J.P. Gervais. The Bank of Canada announced a 50 basis point increase in its key rate on Oct. 26, to 3.75 per cent. That followed a 75 basis point increase in September and a 100 point
Understanding risk exposure key to managing rising interest rates
The Bank of Canada is still signalling that more rate hikes are coming
Farmers need to thoroughly understand their risk exposure as they view the Bank of Canada’s latest interest rate hike, says Farm Credit Canada (FCC) economist J.P. Gervais. The Bank of Canada on Sept. 7 announced a 75-basis-point increase in its key rate, bringing it to 3.25 per cent. It followed a 100-basis-point increase in July and was the
Editor’s Take: Going up
The Bank of Canada removed any lingering doubts last week about its commitment to fighting inflation. It delivered a jumbo rate hike of 100 basis points — or a full per cent — while facing an annualized inflation rate of more than seven per cent, according to the most recent figures from Statistics Canada. South
Bank of Canada plans new tools to assess climate impact on economy
Increases in the frequency and severity of extreme weather events seen in coming years
Reuters – The Bank of Canada will develop new models and data sources to better understand how climate change is impacting Canada’s economy, and will include these findings in its quarterly forecasts to help markets price risks. The central bank, in a release tied to the UN’s COP26 global climate summit, said it will assess
Canada economy seen weaker than expected as supply chain woes weigh
Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked
Cash advance interest rates expected to go lower yet
Cash advance interest rates could soon fall again. March 27 the Bank of Canada cut its lending rate, which affects what commercial lenders charge, by 0.05 per cent to 0.25. At press time lenders had not lowered their rates, but were expected to. If CIBC cuts its prime rate to 2.45 per cent from the
Fear is the price killer in commodity markets
COVID-19 | Cuts in key interest rates helped slow the declines in futures
There’s no doubt that the COVID-19 coronavirus is having a tremendous effect on commodity markets. Although Canada and the United States have a mere fraction of the reported cases and deaths, fears toward COVID-19 have generated sharp losses in North American markets. There was something of a reprieve this week as the U.S. Federal Reserve
Cyber-Savvy Farmer
