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 Globe and Mail: Employers increasing salaries as talent shortage and inflation persist
Employers across the country are increasing wages and projecting future salary bumps into their budgets amid inflationary pressure and a continuing talent shortage that shows little sign of easing in the near future.
Financial Post: Slumping retail sales could keep Bank of Canada interest rate on hold
Retail sales flatlined in the second quarter while sales volume dropped 0.8 per cent, Statistics Canada said on Aug. 23, signs that economic activity is weakening as the Bank of Canada’s rate hikes take a deeper hold.