Canadian Unemployment Rate (Jan) 6.5% vs. Exp. 6.8% (Prev. 6.8%)
Newsquawk Staff ·
Canadian Unemployment Rate (Jan) 6.5% vs. Exp. 6.8% (Prev. 6.8%)
What it means
The Canadian unemployment rate came in at 6.5%, beating expectations of 6.8% and down from the previous level of 6.8%. This positive deviation may suggest strengthening in the labor market, which could influence the BoC's policy stance and outlook on economic growth, especially in today's context of monetary policy discussions across markets.
- 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
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- BoC MPR: Raises 2026 GDP forecast to 1.0% from 0.7%, 2027 and 2028 GDP raised to 2.0% from 1.8%
- Canadian BoC Interest Rate Decision 2.5% vs. Exp. 2.5% (Prev. 2.25%)
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