RBC card spending data
Canada’s consumers appear to be stepping more lightly as summer fades, and hiring firms are growing cautious. New data from a consumer‐spending tracker by RBC reveals that while spending remains overall positive, growth has decelerated. At the same time, labour market indicators—including the
The August CSJ Hiring Index reads 4.8/10, down from 5.4 in July. This softening reflects weaker PMIs, a jump in unemployment, and job losses across key service industries. Forward-looking sentiment is cautious, pointing to muted hiring appetite heading into the fall.
Labour Market Insights: What the Index
Bank of Canada - interest rates cut
When the Bank of Canada lowered its policy interest rate by 25 basis points to 2.50 percent on September 17, 2025, it was more than just arithmetic. It marked the country’s first rate cut in six months, and while modest in
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Wage gap in Canada
In downtown Toronto, at a busy marketing firm, two employees join the same creative meeting: a woman and a man, both in their early thirties, both with master’s degrees in communications. Yet when they compare salaries afterward, the man learns he is earning about ten
Canada Indonesia trade deal
Canada has just signed a landmark trade agreement with Indonesia, its first with a member of the fast-growing ASEAN bloc. Ottawa has billed the deal as a pathway to doubling trade with the world’s fourth most populous country within six years. But what does this
Baby-boomers last wave of retirement
Today’s unemployment rate is high as economic circumstances are unfavourable for job creation. However, under the hood, Canada is at a crossroads. The country’s largest generation (the baby boomers) is heading into retirement just as population growth slows. For decades, these workers anchored
