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December 01, 2023
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Canada Unemployment Rate 5.8% (consensus 5.8) in Nov-23

- Canada's unemployment rate in November 2023 increased to 5.8%, as expected, reaching its highest level since January 2022.
- Employment increased by 24.9k during the same period. However, the unemployment rate indicates that labour market conditions are loosening.

November 21, 2023
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Canada CPI Inflation 3.12% y-o-y (consensus 3.2) in Oct-23

- Canadian CPI inflation stood at 3.12% y-o-y in October 2023, slightly below the consensus estimate and representing the lowest growth rate since June 2023.
- The inflation rate is 1.33pp below the one-year average and 1.66pp below the long run average, signaling a relatively subdued and moderated inflationary environment in Canada.

November 03, 2023
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Canada Unemployment Rate 5.7% (consensus 5.6%) in Oct-23

- Canada's unemployment rate jumped beyond expectations to 5.7% in October 2023, marking the highest level since January 2022 and deviating from the one-year average by 0.46 percentage points.
- However, employment increased by almost as much as expected, suggesting the miss may not reflect diminished demand.

October 31, 2023
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Canada GDP Growth 0.0% m-o-m AR (consensus 0.1%) in Aug-23

- Canada's GDP growth rate remained stagnant in August 2023, showing no change from the previous month.
- The current stagnation is below the one-year average by 0.06 percentage points and the long-run average by 0.20 percentage points, indicating potential underlying issues in the economy.

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