The modest decline of 2,100 in employment in suggests that the economy is still struggling to cope with lower oil prices. The unemployment rate was unchanged at 7.1%. We still believe that the worst isn’t over and expect the Bank of Canada eventually to lower interest rates again later this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services