The impressive 54,500 increase in employment in May, which included a big increase in full-time jobs, will no doubt prompt louder calls for the Bank of Canada to hurry up and raise interest rates. But we think the ongoing weakness in hours worked and wage growth will keep the Bank of Canada on the defensive.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.