Unemployment Up in November

ATB Financial’s Economics & Research Team December 9, 2019 Unemployment up in November The latest Labour Force Survey from Statistics Canada shows Alberta’s seasonally-adjusted unemployment rate jumped half a percentage point over the course of a month, going from 6.7 per cent in October to 7.2 per cent in November. This translates into an increase of 12,900, bringing the total number of unemployed Albertans to 182,500. On a year-over-year basis, the unemployment rate is up by a full percentage point compared to November 2018 when it was 6.2 per cent, meaning there were 25,700 more unemployed Albertans in November 2019 than a year earlier. The provincial unemployment rate…

READ MORE

Bank of Canada Rate Stays the Same!

Bank of Canada holds interest rate steady ATB Economics and Research Team Dec 4th,2019 In its final scheduled announcement of 2019, the Bank of Canada is leaving its policy interest rate at 1.75 per cent. A rate cut would have been better news for the sluggish Alberta economy, but a national economy “operating near capacity” prompted the Bank to buck the trend among other central banks and keep the rate steady. The Bank cited the positive effect of rate cuts of other central banks on financial markets and the reduced fears of a global recession as reasons for holding steady. It did, however, note how trade conflicts continue…

READ MORE