Analysts predict slight increase in unemployment rate ahead of December jobs report
- According to RBC and BMO analysts, Canada's unemployment rate is expected to increase to 6.9% in December, which is a slight rise from November's rate of 6.8%.
- The labour market report comes ahead of the next Bank of Canada interest rate decision on January 29, which will be influenced by the unemployment rate.
- Economists predict that Canada added a modest 10,000 jobs in December, and there might be another cut by 25 basis points following back-to-back 50-point cuts in December and October.
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Total News Sources0
Leaning Left3Leaning Right1Center1Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 20%
R 20%
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