Canada’s consumer economy has been sending mixed messages for months, but the latest update offers a clearer signal: households are still spending, and that resilience is beginning to echo through parts of the labour market. RBC’s newest Consumer Spending Tracker shows that Canadians carried solid momentum into October,
After months of cautious watching, Canada’s labour market finally showed signs of unexpected strength in October. Employment surged by roughly 67,000 positions, the unemployment rate edged down to 6.9 percent, and wages accelerated, a combination that suggests the labour slowdown that began in the spring may be
Canada’s manufacturing sector may finally be approaching a turning point after an extended period of contraction. The latest manufacturing PMI shows a rise to 49.6, up from 47.7 the previous month. It remains below the 50-point threshold that separates expansion from contraction, but the shift is meaningful:
Canada’s manufacturing sector may finally be approaching a turning point after an extended period of contraction. The latest manufacturing PMI shows a rise to 49.6, up from 47.7 the previous month. It remains below the 50-point threshold that separates expansion from contraction, but the shift is meaningful:
Canada’s consumer economy has been sending mixed messages for months, but the latest update offers a clearer signal: households are still spending, and that resilience is beginning to echo through parts of the labour market. RBC’s newest Consumer Spending Tracker shows that Canadians carried solid momentum into October,
After months of cautious watching, Canada’s labour market finally showed signs of unexpected strength in October. Employment surged by roughly 67,000 positions, the unemployment rate edged down to 6.9 percent, and wages accelerated, a combination that suggests the labour slowdown that began in the spring may be
Canada’s economy contracted by 0.3% in August, according to Statistics Canada, marking one of the clearest signs yet that the country’s post-pandemic expansion has shifted into a new, quieter phase. While the headline figure may seem modest, its implications for hiring, training, and staffing run deeper than
The Bank of Canada’s latest decision to lower its policy rate to 2.25 percent marks a delicate moment in Canada’s post-pandemic economic recovery. The move, which brings the rate to the lower bound of what the Bank considers a “neutral range,” reflects an economy that is neither
When Donald Trump announced yet another wave of tariffs on Canadian goods, it served as a sharp wake-up call. For decades, Canada’s economic map has pointed south: roughly three-quarters of its exports head to the U.S., and large chunks of its manufacturing, energy and resource flows move across
For the staffing industry in Canada, the latest Business Outlook Survey (BOS) from the Bank of Canada offers a cautious narrative: yes, sentiment is inching upward, but the underlying conditions remain far from robust. That leaves staffing firms in a “waiting-for-lift-off” posture rather than one of full-throttle hiring.
According to
