Question Period Notes
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• Employment rose by 25,000 in November, above market expectations of a 14,000 gain.
• The unemployment rate edged up to 5.8% (+0.1 p.p.), while the labour force participation rate was unchanged at 65.6%.
The Organisation for Economic Co-operation and Development (OECD) has released its June 2023 Economic Outlook.
The IMF released its April 2023 World Economic Outlook (WEO) on April 11
• Employment rose by 10,000 in November, matching market expectations.
• The unemployment rate edged down to 5.1% in November, while the labour force participation rate eased to 64.8%.
• Real gross domestic product (GDP) at basic prices edged up 0.1% in August, following a 0.1% increase in July.
• Real GDP growth in August was slightly above market expectations of a 0.0% increase.
• Employment rose by 39,800 in May, slightly above market expectations of a 30,000 gain.
• The unemployment rate edged down to 5.1% in May, a new record low, while the labour force participation rate remained at 65.3%.
• Real GDP at basic prices surged 1.1% in February, following a 0.2% increase in January.
• Real GDP growth in February was above market expectations of a 0.8% increase (Bloomberg survey).
• Employment rose by 62,000 jobs in November, meaning that about 2.4 million of the 3 million jobs lost at the peak of the pandemic (i.e. about 81 per cent) have now been recouped.
• The unemployment rate fell 0.4 percentage points to 8.5% in November, while the labour force participation rate ticked down to 65.1%, from 65.2% in October.
• Employment gains were well above market expectations of a 20,000 increase, and the unemployment rate was better than market expectations of 9.0%.
• The Bank of Canada released its Monetary Policy Report (MPR) today, providing an updated view on the global and Canadian economies.
• Overall, the recoveries are proceeding largely as envisioned in July, with global and Canadian growth paths shifting to markedly slower paces after initial rebounds when containment measures were lifted.
• The recoveries are partial and advancing in highly uneven ways, however. This is expected to keep both global and Canadian inflation pressures in check.
Canada's overall relationship with the United States