Don Curren 🇨🇦🇺🇦StatsCan: #Employment declined by 66,000 (-0.3%) in August, largely the result of a decline in part-time work, and the employment rate fell 0.2 percentage points to 60.5%. The #unemploymentrate rose 0.2 percentage points to 7.1%. #cdnecon
Dan Vieira🤔 Canada’s Housing Market Is Trapped In A Dangerous Triangle https://storeys.com/canadian-housing-dangerous-triangle/ #tore #vanre #cdnecon #toronto #vancouver #realestate #credit #debt
4 CIBC: … outweighed the understandable (given #trade uncertainties) drop in #businessinvestment.
#GDP #cdnecon #Canada
3 CIBC: However, the average of the first half of the year (just over 1%) is still consistent with #demand growing slightly below its long-run potential. For the second quarter, increases in #residential #investment, #consumerspending and #government … 🧵
#GDP #cdnecon #Canada
2 CIBC: … broadly in line with the #BankofCanada July MPR forecast. #Exports slumped by 27%, eclipsing the more moderate 5% decline in #imports. #Domesticdemand, however, was actually fairly solid, rising by 3.5% following a downwardly revised 0.9% drop in Q1. 🧵
#BOC #cdnecon #Canada #tradewar
