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?”
Financial Post: Cost inflation inescapable as $400-million Sagard private equity fund eyes targets
Inflation and a potential recession weren’t on everyone’s mind when Marie-Claude Boisvert joined Sagard Holdings Inc., the alternative investment arm of Power Corp., in January last year with a plan to raise $400 million for a new private equity fund to buy stakes in mid-market Canadian companies.
The Globe and Mail: Population growth is propping up consumer spending numbers
The ability of Canadian consumers to keep spending, despite substantially higher interest rates, forced the Bank of Canada to resume hiking rates in June.