Canada’s labour market strength continues
This month’s labour force survey was a piece of good news at a time Canadians desperately needed it. Despite the impact of rail blockades, the coronavirus and sluggish economic growth, Canada’s labour market kept humming along. February saw everything we’d like in a report: strong job growth, an expanding labour force and solid wage growth. While the full effects of the coronavirus may still be ahead of us, lower interest rates combined with a healthy labour market means household spending could help Canada’s economy weather the storm.
Cory Renner —March 6, 2020
Focus Area—Canadian Economics
Related Research: Insights—Provincial Forecasts