Canada loses 2.8k jobs in July

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Published 2024-08-09
Earl Davis, head of fixed income and money markets at BMO Global Asset Management, joins BNN Bloomberg to discuss the continued Canadian labour market weakness in July.

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All Comments (21)
  • @baranal
    Increasing the population while decreasing the jobs. Brilliant.
  • Amazing video despite the economy disaster and political war in the country, investment remains best for earnings. Imagine you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
  • @seunghwanlee4586
    But PM still wants more temporary foreign worker because of ‘ Labor Shortage ‘ 👏 👏
  • @guigram1124
    The numbers are way worse than this because Canada is losing private sector jobs and creating more public sector jobs
  • Most canadians can't afford to buy anything. Business in my area have closed their doors.
  • @Madyoke
    A scary thought, as Canada topped out its post Covid recovery and we were battling inflation, much of the new jobs created towards the end were government jobs which are not real jobs being added and are parasitical by nature, I bet none of those jobs lost this month were public sector, scary
  • @Futurama10000
    “Unexpectedly” bro anyone with a real brain knows Canadas in a recession and it’s about to get way worse
  • @420bin7
    Loss of 2500 jobs but approximately 34000 immigrants were "welcomed in" not to mention most of Canadian job growth has been in the public sector. So also tax funded jobs no actual productivity.
  • @mentimental
    It’s actually 43k private sector jobs lost and 42 government jobs created..
  • @gordyt99
    Bank of Canada is praying for the US Fed to implement a 50 basis cut to keep its housing market from tanking when thousands of mortgages are up for renewal.
  • @turbokid99
    This dude is drunk. The US fed hasbr even cut yet & he thinks Canada is going to cut 3 MORE times this year 😂😂. Get real. Canada won’t cut at next meeting
  • @user-vi8ci2bi6b
    This is the same guy, who only a few months ago said that Canadian and US interest rates did not need to stay near the same level. Now, he says Canada will lower more if the US does. None of these economists can be trusted, they are telling you a story in order to make personal gains. The same mentallity as Realtors
  • @keithhannah8695
    "You'll own Nothing and you'll be Happy" Klaus's minions hard at work
  • @quixomega
    Looks like the recession started June.
  • @bongjober9807
    While the population increased by 120k, they didn't even talk about that, making the job loss way worst then the headline numbers.
  • @luckycharm8888
    We lost another 2.8K jobs on the month of July but we are welcoming 500,000 immigrants and 485,000 student visa arrival for year 2024. So 1 million arrival on Canada on 2024 to match 2023 arrival. Meanwhile housing growth=zero Job growth=negative Inflation-Up Health care- long queue Public Transportation growth=zero So Social, Health, Transport, Food infrastructure are stagnant and yet we are adding annual 1 million arrivals in Canada if you use your common sense what it is expected outcome? Housing Crisis! Health Care Crisis! Transportation Crisis! Child Day Care Crisis! Employment Crisis! Then what will be the final outcome if use your common sense? Diversity War???? See people instead of blaming the government will release their frustration on their fellow humanity! Who's fault is it? Big Greedy Businesses and Government!
  • @adam62273
    Anyone who didnt see this coming with a giant flashing neon sign needs to touch grass and get out more
  • @edubmf
    > why are they not easing this guy is a complete fool - they can't lower below the Fed, debt is for sale in a mkt you want to buy 1bn CAD 10y debt at 2% lower than the Fed rate? Didn't think so.