Unemployment rate likely rose in September, increasing odds of Bank of Canada hold

An expected uptick in the unemployment rate may prompt the Bank of Canada to hold interest rates again at its next policy meeting. Read on.

to hold interest rates again at its next policy meeting, as policymakers bet the labour market is loosening sufficiently to pull inflation down, according to economists.Economists from both the Royal Bank of Canada and Canadian Imperial Bank of Commerce forecast the jobless rate will rise to 5.6 per cent in September from the previous month’sStatistics Canada is set to release the September employment data on Oct.

The unemployment rate has begun to rise, climbing to 5.5 per cent over July and August from five per cent in the spring. CIBC, however, expects to see a more moderate 20,000 jobs created, half the pace seen in August, and more in line with weaker domestic demand.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

fpinvesting /  🏆 43. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Unemployment rate likely rose in September, increasing odds of Bank of Canada holdAn expected uptick in the unemployment rate may prompt the Bank of Canada to hold interest rates again at its next policy meeting. Read on.
Read more »

Canada\u0027s Ivey PMI shows activity expanding at slower pace in SeptemberExplore stories from Atlantic Canada.
Read more »

Rapid turnover at Laurentian Bank suggests tumultuous reality in Canada’s banking worldCanadian banks like to project an image of stability, but succession issues, first at Scotiabank and now at Laurentian Bank, suggest otherwise
Read more »

Experts react to Bank of Canada remarks on corporate pricing - BNN BloombergAs a Bank of Canada official cautions that corporate price increases are contributing to the country's sticky inflation, experts say there are alternatives to fixing the problem besides interest rate hikes.
Read more »

Bank of Canada warns of inflation 'feedback loop'Bank of Canada deputy governor Nicolas Vincent warns inflation could get stuck in a \u0027feedback loop\u0027 if firms keep raising prices. Read more
Read more »