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Canada’s Labor Market Gains Mask Deeper Weakness

Bank of Canada expects about 1% GDP growth in H2 amid tariff-driven weak business investment and elevated unemployment in key sectors, ahead of October 29 rate decision.

Summary by Transport Topics
Bank of Canada Governor Tiff Macklem said he sees the Canadian labor market as “soft” despite recent data that showed the country added 60,400 jobs in September.

2 Articles

The Globe & MailThe Globe & Mail
Center

Bank of Canada’s Macklem sees slow growth, soft job market ahead of rate decision

Governor Tiff Macklem cautions against putting too much weight on September job numbers, which showed a rebound in employment

·Canada
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Transport TopicsTransport Topics
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Canada’s Labor Market Gains Mask Deeper Weakness

Bank of Canada Governor Tiff Macklem said he sees the Canadian labor market as “soft” despite recent data that showed the country added 60,400 jobs in September.

Read Full Article
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Transport Topics broke the news in on Friday, October 17, 2025.
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