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The Canadian economy lost 2,200 jobs in March while the unemployment rate rose to 6.1 per cent, as more people looked for work and job growth ground to a halt, Statistics Canada said Friday.
Population growth in Canada slowed slightly in the second quarter of this year as the federal government made efforts to reduce temporary migration into the country, Statistics Canada revealed Wednesday.
The national unemployment rate ticked higher again in August as the labour market continues to cool, prompting some economists to wonder if the Bank of Canada should be cutting interest rates faster.
The Bank of Canada lowered its key interest rate to 4.25 per cent on Wednesday, the third consecutive cut since June.
The latest inflation data from July sealed bets from economists that the Bank of Canada is set for its third interest rate cut in a row come September, with growing beliefs that there could be even more relief on the horizon.
Canada's annual inflation rate slowed to 2.5 per cent in July — down from 2.7 per cent in June, Statistics Canada said Tuesday.
Newly released data on the rise of violent crime across Canada only tells part of the story, a national police organization says.
Statistics Canada says the annual rate of inflation slowed in June, but renewed pressures are showing up at the grocery store.
Canada's annual inflation rate fell to 2.7 per cent in June — down from 2.9 per cent in May — mostly due to slower increases in gasoline prices, Statistics Canada said on Tuesday.