Canada's Unemployment Rate Drops
This is a news story, published by financialpost, that relates primarily to the Bank of Canada’s news.
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Canadian economyfinancialpost
•Business
Business & Economics
Odds of Bank of Canada interest rate cut in March drop after jobs beat
78% Informative
Economists had called for the jobless rate to rise to 6.8 per cent in January .
The economy added 76,000 jobs in January , beating estimates of 25,000 .
Jobless rate has fallen for two consecutive months , dropping from 6.9 per cent last month .
Market bets on a cut at the Bank of Canada’s March 12 meeting fell to 55 per cent from 80 per cent .
The Bank of Canada has reduced interest rates to three per cent from five per cent by implementing six consecutive cuts starting last June .
The imminent threat of tariffs is likely to temper business confidence and could weigh on hiring in some sectors in the coming months , she said.
Now, Preston seems to suggest that it’s just up to the monetary policy to guard the economy.
VR Score
87
Informative language
91
Neutral language
46
Article tone
formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
6