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?”
Waterloo Region Record: Consumer spending down in Waterloo Region, economist warns of possible ‘bigger slowdown’
Compared to June, consumer spending dropped by 5.7 per cent in the region in July.
CEBA loan repayment deadline approaching, may threaten some businesses but not economy overall
For most of 2023, the small-business community has dreaded a major deadline for repaying the emergency loans that Ottawa doled out during the COVID-19 recession.