February's modest decline in employment and rise in the unemployment rate, to 6.8% from 6.6%, reflects the early negative effects of a downturn in the mining sector. Accordingly, this supports our view that the Bank of Canada is likely to cut interest rates further. We still think that this next rate cut will be in April.
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