The timing of those moves may have been at least partly driven by the dawning realization that not only will the Bank of Canada not move to dampen housing with rate hikes anytime soon, there is the very real risk that they could fuel it further with yet more rate cuts.

Doug Porter

Categorized in : Industrials

There may be some areas where there are labor shortages, but I am confident the market will adjust to meet demand.

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Full-time employment was quite strong, wages bounced back, and the unemployment rate held steady, so, while the headline number is a disappointment, you don't have to dig too far beneath the surface to see the overall results weren't uniformly bad.

industrials