Unemployment in Canada

Canada Unemployment | Economic News & Forecasts

Canada - Unemployment

Available data suggests the economy lost some impetus in the fourth quarter. Merchandise exports posted contractions in month-on-month terms in October and November as exports of energy products deteriorated severely. In November, retail sales also decreased notably due to reduced sales at gasoline stations and motor vehicle and parts dealers. In addition, house prices ebbed throughout the quarter, suggesting lower consumer demand. Nevertheless, the Ivey PMI was well in expansionary territory in Q4, economic growth in October rebounded and the unemployment rate ended the year at a multi-decade low. On the political front, the USMCA ratification is still contingent on U.S. Democrats’ congressional votes, raising concerns over a delay or potential renegotiations. Furthermore, the political rift with China, sparked by the arrest of a senior executive at Huawei on behalf of the U.S., could dampen economic relations with the Asian giant going forward.

Canada - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate7.1  6.9  6.9  7.0  6.3  

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Canada Unemployment Chart


Canada Unemployment
Note: Unemployment in % of active population.
Source: Statistics Canada.

Canada Facts

ValueChangeDate
Bond Yield1.941.00 %Jan 29
Exchange Rate1.310.15 %Jan 30
Stock Market15,4850.23 %Jan 30

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