The huge gain in employment in December supports our view that labour market conditions are strengthening, despite the recent upward trend in the unemployment rate. While weakness in private sector hiring as well as political and trade uncertainty still gives reason to think the Bank of Canada will cut rates by 25bp at this month’s meeting, the odds of a pause have now clearly increased.
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