Canada's Economy Still Has Legs With Total Employment Close to Record -- Market Talk

Dow Jones06-05 23:07

1107 ET - Canada's economy still has legs based on May's employment report, says Jay Zhao-Murray, chief economist at research firm Sibley Creek. The net job gain of nearly 88,000 marked the fastest monthly rise in a year and a half, Zhao-Murray says, partly making up for the shortfall in the January-to-April timeframe. He notes that the total number of jobs is close to a near-record 21.1 million, something that's unlikely to unfold when an economy is contracting and in a supposed recession. Weakness remains in the Canadian economy, based on other gauges, and that should be enough reason for the Bank of Canada to keep its policy rate unchanged, he says. (Paul.Vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

June 05, 2026 11:07 ET (15:07 GMT)

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