Bad news is good news, or something like that. With business demand for capital sagging, any rate cuts will be needed just to keep the yield curve from inverting like a wet noodle.
Canada’s labour market lost a net 32,600 jobs in March, while the unemployment rate rose to 6.7 per cent, according to Statistics Canada data released on Friday. Economists say the worst jobs report in more than three years boosts the case for the Bank of Canada to cut its policy rate further.
“The wheels may be starting to fall off the Canadian labour market,” CIBC Capital Markets senior economist Andrew Grantham wrote in a note to clients on Friday.
Can’t the Canadian Government just create more government jobs? Don’t you need armies of Carbon Cops? LGBTQueer Cops? Vaxx Cops? Just think how your people will OBEY when you hire their fellow citizens to keep them in line with the utopian vision of Canada, err unCanada …
Don’t give Marx Carnage any ideas Kenji. We also need more MAID doctors and Punjabi truckers.
Yep … more folks stealing their living.
Like Gender Studies graduates in the US making giant USAID salaries … for propagandizing the JOYS of pretending to be the opposite sex … in Namibia. You can HATE Elon Musk all you want … but that’s simply WASTE. Utter THEFT of taxpayers remittances.
Don’t worry, they’re coming here from the US en masse to escape Donald Trump’s America according to the Toronto Star.
Watch what happens to the dollar.
That’s going to turn around real fast with the house building blitz that will be happening real soon!
Framers, roofers, electricians…… ‘learn to hammer’ will be the new mantra!
Maybe learn to code too?
Of course no jobs were lost in the public sector.
Actually, there are job losses. The government has been quietly cutting jobs since January. First they stopped renewing consultants, now they are terminating all determinate employees at the end of their terms. I’m not sure of the numbers though.
Heh,with our Liberals,it is more likely they are erasing the fake employees from the books.
Layoffs for imaginary employees looks real good.
Except we can be sure the money paid ,to Good Liberal bank accounts, was real .
Every fraud in the book.
And this is one of the oldest scams known to the freeloader class.
I wonder how many of those job losses are corrections from previous months.
Interest rates at zero or very nearly. How does this place float its debt?
Don’t real countries offer better rates than that? Or will China buy it all so they can order us around?
A couple things:
1. China bought the politicians, cheaper than buying the debt, and more effective.
2. The BoC can only set the rate for overnight bank loans. The bond market sets the rest, so the bonds will yield what the investors are willing to accept. Overnight rate has no bearing on this.
Thank you.
Heh,with our Liberals,it is more likely they are erasing the fake employees from the books.
Layoffs for imaginary employees looks real good.
Except we can be sure the money paid ,to Good Liberal bank accounts, was real .
Every fraud in the book.
And this is one of the oldest scams known to the freeloader class.
Next act of genius from our political class..borrowing money,to pay the interest on the money they borrowed..
“So we would not have too”.
I’m sure it’s transitory.
In the sense that, by the time it’s over John Tory will riding the transit.
No jobs??!!! What is the problem??!!! This is great, just what the Liberals and Mark Carney want. Much easier to get to net zero. Seriously.
Liberal Party could Nationalize everything,
then nobody would be out of work, ever:
Justin Pierre James Trudeau II:
“There is a level of admiration I actually have for China because their basic dictatorship is allowing them to actually turn their economy around on a dime”
Cuba unemployment rate for 2023 was 1.16%, a 0.09% decline from 2022.
China unemployment rate for 2023 was 4.67%, a 0.31% decline from 2022.
Commies never lie.
Need another 10 million New Canadians “to grow the economy”.
Inshallah.