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BMO Capital Markets

Canada loses 207,100 jobs in April, unemployment rate rises to 8.1pc
World

Canada loses 207,100 jobs in April, unemployment rate rises to 8.1pc

  • Some 207,100 jobs were lost in April, more than the average analyst prediction of a loss of 175,000. The unemployment rate climbed to 8.1%, missing analyst expectations of 7.8%. Employment remains 2.6% below pre-pandemic levels.
  • Full-time employment was down by 129,400 while part-time employment fell by 77,800 positions.
Published 07 May, 2021 06:58pm
Canadian dollar notches 1-month high ahead of federal budget
Markets

Canadian dollar notches 1-month high ahead of federal budget

  • Canada will present a budget on Monday, at about 4 p.m. (2000 GMT), with billions of dollars for pandemic recovery measures, C$2 billion toward national childcare, and new taxes on luxury goods.
  • This is going to be a serious budget that either sets the stage for post-pandemic policy in Canada, or has all the makings of an election platform, possibly to be used as soon as later this year.
Published 19 Apr, 2021 05:34pm
Canada's economy posts 9.6pc annualized growth in Q4
World

Canada's economy posts 9.6pc annualized growth in Q4

  • "There are a lot of moving parts here but overall I would say this is generally better than expected," said Doug Porter, chief economist at BMO Capital Markets.
  • The Canadian dollar was trading 0.1% lower after the data at 1.2661 to the greenback, or 78.98 US cents, easing back from a rally the previous day.
Published 02 Mar, 2021 08:44pm