Canadian Unemployment Rate Not Expected to Hinder Central Bank Policy Decisions -- Market Talk

Dow Jones03-24

1040 ET - A shrinking population and labor force in Canada are set to pull the country's unemployment rate lower, countering more dovish arguments a rising jobless rate could hinder the Bank of Canada's policy response to what is emerging as a major positive inflation shock, Scotiabank's Derek Holt says. The economist says the lagging look at population in Statistics Canada's labor force survey will show a downward correction going forward, so that the unemployment rate is likely to push lower to 6% and possibly below. Holt says some doves are talking about the unemployment rate heading to 7%, but reckons that with it already at 6.7% Bank of Canada "Governor Macklem would hit snooze on that forecast" even if it weren't more likely to go down. (robb.stewart@wsj.com; @RobbMStewart)

(END) Dow Jones Newswires

March 24, 2026 10:41 ET (14:41 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2621956410?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-24 22:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2621956410","market":"hk","top_or_hot":-1,"title":"Canadian Unemployment Rate Not Expected to Hinder Central Bank Policy Decisions -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1040 ET - A shrinking population and labor force in Canada are set to pull the country's unemployment rate lower, countering more dovish arguments a rising jobless rate could hinder the Bank of Canada's policy response to what is emerging as a major positive inflation shock, Scotiabank's Derek Holt says. The economist says the lagging look at population in Statistics Canada's labor force survey will show a downward correction going forward, so that the unemployment rate is likely to push lower to 6% and possibly below. Holt says some doves are talking about the unemployment rate heading to 7%, but reckons that with it already at 6.7% Bank of Canada \"Governor Macklem would hit snooze on that forecast\" even if it weren't more likely to go down. (robb.stewart@wsj.com; @RobbMStewart) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2026 10:41 ET (14:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canadian Unemployment Rate Not Expected to Hinder Central Bank Policy Decisions -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanadian Unemployment Rate Not Expected to Hinder Central Bank Policy Decisions -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-24 22:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1040 ET - A shrinking population and labor force in Canada are set to pull the country's unemployment rate lower, countering more dovish arguments a rising jobless rate could hinder the Bank of Canada's policy response to what is emerging as a major positive inflation shock, Scotiabank's Derek Holt says. The economist says the lagging look at population in Statistics Canada's labor force survey will show a downward correction going forward, so that the unemployment rate is likely to push lower to 6% and possibly below. Holt says some doves are talking about the unemployment rate heading to 7%, but reckons that with it already at 6.7% Bank of Canada \"Governor Macklem would hit snooze on that forecast\" even if it weren't more likely to go down. (robb.stewart@wsj.com; @RobbMStewart) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2026 10:41 ET (14:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621956410","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621956410","pubTimestamp":1774363260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1040 ET - A shrinking population and labor force in Canada are set to pull the country's unemployment rate lower, countering more dovish arguments a rising jobless rate could hinder the Bank of Canada's policy response to what is emerging as a major positive inflation shock, Scotiabank's Derek Holt says. The economist says the lagging look at population in Statistics Canada's labor force survey will show a downward correction going forward, so that the unemployment rate is likely to push lower to 6% and possibly below. Holt says some doves are talking about the unemployment rate heading to 7%, but reckons that with it already at 6.7% Bank of Canada \"Governor Macklem would hit snooze on that forecast\" even if it weren't more likely to go down. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"加拿大失业率预计不会阻碍央行政策决策——市场讨论","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"1040 ET - A shrinking population and labor force in Canada are set to pull the country's unemployment rate lower, countering more dovish arguments a rising jobless rate could hinder the Bank of Canada's policy response to what is emerging as a major positive inflation shock, Scotiabank's Derek Holt says. The economist says the lagging look at population in Statistics Canada's labor force survey will show a downward correction going forward, so that the unemployment rate is likely to push lower to 6% and possibly below. Holt says some doves are talking about the unemployment rate heading to 7%, but reckons that with it already at 6.7% Bank of Canada \"Governor Macklem would hit snooze on that forecast\" even if it weren't more likely to go down. (robb.stewart@wsj.com; @RobbMStewart) \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2026 10:41 ET (14:41 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2621956410","isCrawlerRequest":true}