February's surprising 2,800 decline in employment, which continued a run of disappointingly weak jobs reports, is at odds with the better economic growth figures. Although we expect some improvement in employment in the coming months, slower economic growth will keep these gains to a minimum. Overall, February's employment figures are evidence supporting our view that the Bank of Canada is unlikely to raise interest rates anytime soon.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services