How strong is Canada’s job market, really?
For months now, Canada’s unemployment rate has been hovering around 5 per cent – a near historic low. It’s a number that economists are watching closely because they expect it to rise now that the Bank of Canada has hiked interest rates. But it hasn’t. And businesses are still complaining about a shortage of workers. So what’s going on? Economics reporter Matt Lundy explains.
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Show Notes
For months now, Canada’s unemployment rate has been hovering around 5 per cent – a near historic low. It’s a number that economists are watching closely because they expect it to rise now that the Bank of Canada has hiked interest rates.
But it hasn’t. And businesses are still complaining about a shortage of workers. So what’s going on? Economics reporter Matt Lundy explains.
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