Bank of Canada warns of ‘low-hire, low-fire’ job market that complicates rate decisions

The Bank of Canada is warning that the country’s labour market is undergoing a structural change, creating a “low-hire, low-fire” environment that makes it more difficult to conduct monetary policy.
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Canada adds 87,800 jobs in May as unemployment rate drops to 6.6%

Canada added 87,800 jobs in May 2026, crushing forecasts and dropping unemployment to 6.6%. Here's what it means for rate ...

Complex labor market is making Bank of Canada's job harder, says official

(Repeats without changes to text to fix formatting issues) By Promit Mukherjee and David Ljunggren OTTAWA, May 26 (Reuters) - The Bank of Canada on Tuesday said structural changes in the labor market ...

Changing job market complicates Bank of Canada's interest rate path

Canada’s labour market is changing, but it may take a while for the central bank to identify whether the changes are ...
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Bank of Canada reports youth job market still challenging

External Deputy Governor at the Bank of Canada, Nicolas Vincent says the job market continues to be particularly challenging for young people.