Canadian Participation Rate (Jan) 65% (Prev. 65.4%)
Newsquawk Staff ·
Canadian Participation Rate (Jan) 65% (Prev. 65.4%)
What it means
The Canadian Participation Rate for January has decreased slightly to 65% from the previous 65.4%. This marginal decline may indicate a softening in labor market engagement, which could reflect broader economic trends. Traders should monitor its implications for upcoming monetary policy decisions, particularly regarding interest rates and economic growth forecasts.
- BoC Deputy Governor Rogers says uncertainty over the economy is hanging over the Canadian housing market
- BoC Governor Macklem says Canada is seeing increased investment in the energy sector; policy rate remains low enough not to restrain economic growth, even after the latest hike
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- BoC Core Measures, Average (Sep.): 2.0 (prev. 2.2%)
- Canadian Participation Rate (Sep) 64.8% (Prev. 65.0%)
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