Economic Updates

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Canadian labour markets softened further in November

December 1, 2023

Employment rose another 25k in November to build on an 18k increase in October, but the pace of hiring was again not strong enough to keep up with higher labour force growth.

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Canadian GDP declined in Q3

November 30, 2023

The macro backdrop continues to look soft, particularly controlling for high levels of population growth that are boosting both the production capacity of the economy and the number of consumers.

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