The Sudbury Star: Expect some pain in 2023, economist tells Sudbury chamber
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The Star: Canada lost 17,000 jobs in May, bringing interest rate hike into question
We shouldn’t overreact to one month of data, but it’s now clear that momentum in Canada’s labour market has faded since January’s blockbuster hiring binge. Will today’s release mark a turning point, when the strong-and-long run for Canada’s labour market finally came to an end?”
The Canadian Press: Consumer spending to soften in second half of 2023: Canadian Chamber of Commerce
While consumer spending remained strong in the second quarter, it turned a corner after the Bank of Canada ended its pause on interest rate hikes, the Canadian Chamber of Commerce said.
The Globe and Mail: Half of businesses say their costs are rising, and many plan to pass them on to consumers: survey
Half of businesses say their costs are rising, and many plan to pass them on to consumers.