The economy added 47,000 jobs in September as the unemployment rate declined to 6.5%, showing positive shifts driven by youth and women aged 25-54.
Despite job gains in September, the employment rate fell, which highlights the population growth in Canada outpacing job creation, indicating ongoing labor market challenges.
Inflation fell to 2% in August, the lowest level in over three years, influenced by reduced gas prices, aligning with the Bank of Canada's targets.
The central bank has made three interest rate cuts this year, a response to easing inflation, and is expected to continue this path due to sustained low inflation.
Collection
[
|
...
]