The 9,000 increase in employment in December was better than expected and, encouragingly, suggests that November’s bumper 94,000 gain was more than just a statistical quirk. But for anyone who still believes that interest rate hikes are coming, the continued weakness of wage growth highlights that there is little reason for the Bank of Canada to raise interest rates further.
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