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‘Crucial’ Jobs Data to Reveal Extent of Canada’s Economic Slump
Jobs data on Friday are poised to reveal just how weak the Canadian economy is. Canada has posted less than stellar economic statistics recently, including weak retail spending and combined jobs losses of 73,000 in October and November, indicating the economy barely eked out growth beyond 1% on an annualized basis in the fourth quarter. Economists see a bounce back heading into 2020 but just how vigorous that is will depend largely on the labor market, which the Bank of Canada will be watching closely. Analysts forecast 25,000 jobs were created in December with the unemployment rate dipping to 5.8% from 5.9%, ... (full story)