Economic Updates

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U.S. unemployment edged lower in November

December 8, 2023

November saw a rebound in US labour market conditions after gradual softening in the earlier months. The unemployment rate dropped lower to 3.7%, after having drifted higher 3.9% in October.

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BoC remains on hold, emphasizing weakened economic backdrop

December 6, 2023

The option for more tightening was again retained, but the dovish undertone with the rest of the statement suggests that option is not expected to be exercised.

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