Archive

November 03, 2023
CA.png

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
CA.png

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.

By country