A new report from RBC Economics suggests Canadians “ramped up” their holiday spending in December once the federal tax holiday came into effect, making up for a slow start to the busy shopping season.

Janzen and Freestone wrote that the Bank of Canada’s rate cuts will “help stabilize the labour market early in 2025, and slower population growth will limit labour force increases.” Meantime however, ...

RBC Economics has projected a 6.9% Canadian unemployment rate in December, a 10-basis-point uptick from the previous month. The official numbers are due Jan. 10. “We expect Canada added 10,000 jobs in ...