Employment increased more than expected in November, but the unemployment rate increased sharply, signalling an increase in the amount of slack in the labour market.
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Modest growth in Q4, but without population growth, it would have been a contraction
The economy grew roughly in line with expectations in the third quarter of 2024 at 1.0% q-o-q ar.
Robust retail sales are pointing to a bottoming out in spending per capita
Retail sales posted another robust gain in September, and the preliminary estimate suggests that they remained solid in October
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Inflation surprised to the upside but remains in line with the BoC’s target
Inflation accelerated to 2.0% in October, directly on the midpoint of the BoC’s inflation target.
Insolvencies surged in October
Insolvencies jumped by 8.4% m-o-m on a seasonally-adjusted basis (SA) in October, following a decline in September