September's purchasing managers' surveys show manufacturing losing momentum and services contracting for a fourth month. Firms are cutting headcount while still complaining they cannot find skilled people.
Canada's factory sector is still growing, but more slowly than at any point since the spring. The S&
Second-quarter output surged. A month later, small-business confidence suffered one of its sharpest drops of the year, and more owners now plan to cut staff than to hire.
On paper, the spring was the best stretch the Canadian economy has had in a while.
Real GDP grew at
The economy stalled in July after a strong spring, but the Bank of Canada is more worried about inflation than growth. For staffing firms, the rate path now hinges on oil, tariffs and a softening labour market.
Canada's economy went nowhere in July. Real gross domestic product was
The economy stalled in July after a strong spring, but the Bank of Canada is more worried about inflation than growth. For staffing firms, the rate path now hinges on oil, tariffs and a softening labour market.
Canada's economy went nowhere in July. Real gross domestic product was
September's purchasing managers' surveys show manufacturing losing momentum and services contracting for a fourth month. Firms are cutting headcount while still complaining they cannot find skilled people.
Canada's factory sector is still growing, but more slowly than at any point since the spring. The S&
Second-quarter output surged. A month later, small-business confidence suffered one of its sharpest drops of the year, and more owners now plan to cut staff than to hire.
On paper, the spring was the best stretch the Canadian economy has had in a while.
Real GDP grew at
The Bank of Canada has held at 2.25 percent for nearly a year. Its language in September suggested the debate inside the bank has shifted, and employers who rely on cheap credit should take note.
When the Bank of Canada left its policy rate unchanged on Sept. 2, almost
In June, this journal reported that Canada's services sector had returned to growth, with the S&P Global Canada Services PMI reaching 50.6 in May after seven months of contraction. The recovery did not last. The index has now spent three consecutive months below the 50.
Ottawa has matched Washington's new duties and rolled out a $7.5 billion support package. The labour market effects will be narrow and uneven, and for staffing firms, very specific.
The latest escalation in the Canada-U.S. trade war arrived in two steps. On August 22, after
August's manufacturing PMI recorded the sector's strongest job creation in nearly two years. But the responses were collected before Washington's new 50 per cent tariffs took effect.
Canada's factory sector cooled slightly in August without losing its footing. The S&P
Headline inflation went up in July, and on its own that sounds like the kind of news that unsettles a hiring plan. Statistics Canada reported that the consumer price index rose 3 percent year over year, up from 2.8 percent in June, with prices climbing 0.3 percent on
