TD Economics projects unemployment to stay neutral


New hires in the service sector are expected to offset declines in trade and public sector employment, but the projected result for June trails the number of jobs added in May by 13,000.

The Bank of Canada (BoC) is closely monitoring wage growth after announcing that Canada’s inflation rate is running at 3.7%.

According to TD Economics, if there is “any evidence that wages are beginning to pick up steam,” the BoC may move to raise interest rates much more quickly than previously projected.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

COMMENTS

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release

Poll

Should government update pot rules to prohibit growing in rentals?