Canada's unemployment rate rises to 6.7% as economy loses 84,000 jobs
Canada's economy lost 84,000 jobs in February and the unemployment rate ticked up to 6.7 per cent, Statistics Canada said.
Key context
- Source
- Financial Post — established analytical coverage
- Scope
- North America · CA
- Theme
- Labor
- Signals
- unemployment rate, participation, wage settlements
Why it matters
If labor-market tightening around statistics canada read persists, wage growth will feed directly into services inflation, the component central banks watch most closely when calibrating rate paths. Should canada's unemployment rate materially shift the unemployment rate, forward guidance would likely be recalibrated, repricing front-end yields and rate-sensitive equities. An unexpected rise in jobless claims would weaken the case for restrictive policy and support duration assets.
LaborCA
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