In the news today: StatCan to release August jobs report today
Here is a roundup of stories from The Canadian Press designed to bring you up to speed…
Statistics Canada to release August jobs report today amid labour market slowdown
Statistics Canada is set to release its August labour force survey this morning. Economists polled by Reuters are forecasting employers added 25,000 jobs and the unemployment rate rose to 6.5 per cent in the month, according to LSEG Data & Analytics. Canada’s jobless rate has been rising for the last year and a half as high interest rates slow economic activity. The Bank of Canada cut its key interest rate for the third time in a row on Wednesday and signalled more rate cuts are on the way, so long as inflation continues to cool.
Ont cuts funds for daycares not in $10/day program