Canada: Job gains mask weakness under the hood
In a mixed September 2022 report, net total Canadian employment rose by 21k, ending a string of three consecutive monthly declines. The numbers are unlikely to change the Canadian economic picture one way or another. A streak of four consecutive monthly employment losses in Ontario reinforces our view that that province will be among the hardest-hit in the coming housing-led Canadian recession.
See the full publication in PDF.
Contact our economists
Elsewhere in Canada:
1-866-866-7000 This link will launch your default phone software.