Following two months of large gains, employment was unchanged in May, and the unemployment rate remained at 7.3%.
Compared with 12 months earlier, employment increased 1.2% or 203,000. Virtually all of this growth was in full-time work, up 192,000 (+1.4%).
www.statcan.gc.ca
Saturday, June 9, 2012
Interest Rates Stay Low
According to "The Financial Post" (financialpost.com), Once again the Bank of Canada maintained interest rates at 1% last Tuesday, June 5, staying the course despite confirming global financial turbulence is creeping ever closer to our shores, while housing and household debt remain domestic risks.
The Bank of Canada has now held rates at a stimulus-level 1% since September 2010.
The Bank of Canada has now held rates at a stimulus-level 1% since September 2010.
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