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Weekly Economic Perspectives

Canada's Unemployment Rate Jumps Unexpectedly

Chief Economist
Investment Strategist

The Economy

  • Mixed signals on US service activity.
  • Canada’s labor market softens as BoC delivers another 75 bp hike.
  • Queen Elizabeth II died.
  • The ECB goes big with 75 bp hike.
  • Japanese GDP revised higher as weak yen raises alarm.
  • Strong GDP growth in Australia as RBA hikes again.

Spotlight On Next Week

  • US inflation seems poised to moderate again.
  • Unemployment rates seen holding steady in the UK and Australia.

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