A cut in January, then a pause: What jobs data mean for Bank of Canada and interest rates
“Given the still-elevated unemployment rate and the cooler wage readings, the latest labour market data still leaves the Bank of Canada in a position to cut rates,” Mendes said. He expects the Bank of ...
Toronto Stocks Drop Following Hot Jobs Numbers
In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 1.2% lower at 24775.30, tracking a similar 1.2% drop for the week. Energy and consumer non-durables were the only sectors in ...
Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns
Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will ...