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The Bank of Canada Needs to Get Off the Bench - Integrated Mortgage Planners
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The Bank of Canada Needs to Get Off the Bench - Integrated Mortgage Planners
Last week Statistics Canada confirmed that our economy lost 25,000 jobs in January, well below the consensus forecast of +5,000. Our unemployment rate still managed to decrease from 6.8% to 6.5%, because 119,000 Canadians withdrew from the labour force (which meant they were no longer counted among the unemployed). That said, it remains elevated relative to our long-term average unemployment rate, which is about 6%. Our employment mix improved s…
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