The modest rebound in employment in January, which was not enough to reverse completely the slump last December, suggests that bad weather isn't the only factor depressing labour market conditions. With an export recovery still proving elusive and housing construction cooling, we expect employment gains over the coming months to be modest. Overall, this latest jobs report supports our view that the Bank of Canada is inching closer to an easing bias.
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