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Politics : Canadian Political Free-for-All

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From: Alastair McIntosh1/14/2025 7:55:07 AM
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Will Strongest Job Gains in Two Years Pause Bank of Canada Rate Cuts?

Key Takeaways on the December Jobs Report and Outlook for Rate Cuts
  • The Canadian economy added 91,000 jobs in December, far surpassing the consensus and the strongest gain in two years.
  • The employment jump was broad-based and helped push the unemployment rate a tick lower to 6.7%.
  • Some analysts say a rebounding jobs market eases the pressure on the Bank of Canada to cut rates at a faster pace.
  • The looming threat of Trump-era tariffs to Canada’s economic recovery remains a significant uncertainty.

Job growth surged in December, according to the latest employment report from Statistics Canada, raising the prospect of the Bank of Canada pausing its interest rate cuts.

morningstar.ca
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