{"id":46431,"date":"2024-04-26T13:08:12","date_gmt":"2024-04-26T13:08:12","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/04\/26\/jobs-indicator-points-to-deep-cracks-in-canadas-labour-market\/"},"modified":"2024-04-26T13:08:12","modified_gmt":"2024-04-26T13:08:12","slug":"jobs-indicator-points-to-deep-cracks-in-canadas-labour-market","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/04\/26\/jobs-indicator-points-to-deep-cracks-in-canadas-labour-market\/","title":{"rendered":"Jobs indicator points to deep cracks in Canada\u2019s labour market"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Less robust than the country\u2019s most closely watched gauge of employment suggests<\/p>\n<div class=\"article-meta\">\n<div class=\"wire-published-by\">\n<p class=\"visually-hidden\">Author of the article:<\/p>\n<p><\/p>\n<div class=\"wire-published-by__author-container\">\n<p>Bloomberg News<\/p>\n<p>Jay Zhao-Murray<\/p>\n<\/div>\n<\/div>\n<p><span class=\"published-date__since\">Published Apr 26, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 1\u00a0day ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"a071be79-261a-4ad9-bad5-d018e29f08e9\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp&amp;sig=7nQEqnX7eYApQOzaMnnOnA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=webp&amp;sig=1JBTfzGfUK9zzACdWR4FDQ 2x\" type=\"image\/webp\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=jpg&amp;sig=rEDNGq1338QP_hRWcPpkYw,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=jpg&amp;sig=uOgV5cmHljw2X_lrsn-dgQ 2x\" type=\"image\/jpeg\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=webp&amp;sig=TD7ipjx8qK1_h-JrIVQyAw,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp&amp;sig=XPxHGqVvQ8Eh8zbDmwctPw 2x\" type=\"image\/webp\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg&amp;sig=l_dd4tmkJd3SfAKzAE4yWA,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg&amp;sig=setrZrculvL7naMweVxrGQ 2x\" type=\"image\/jpeg\"><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp&amp;sig=upbugBd1nUwiw6Jr9N_VQA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp&amp;sig=W40AAd93ok3eD-A-_oDg1w 2x\" type=\"image\/webp\"><img loading=\"lazy\" decoding=\"async\" alt=\"Hiring board\" class=\"featured-image__image type:primaryImage\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;sig=lJ8uVvFCMoqaZ9m6vOVZGw\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;sig=lJ8uVvFCMoqaZ9m6vOVZGw,&#10;                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/jobs-numbers-gs0426.png?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;sig=wi3HmatZ1pKUTGntzVF8Ig 2x\" height=\"750\" width=\"1000\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Data from the payroll employment survey indicates Canada added 17,000 jobs over the six-month period ending in February, not the 183,800 reported in the labour force survey.<\/span> <span class=\"credit\">Photo by Tom Bateman\/Postmedia<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Canada\u2019s job market is less robust than the country\u2019s most closely watched employment indicator suggests.<\/p>\n<p data-async=\"\">Data from the payroll employment survey \u2014 a census of all paid workers in Canada \u2014 indicates the country added a mere 17,000 jobs over the six-month period ending in February. That\u2019s a far cry from the 183,800 reported in the labour force survey, which polls households and is faster to publish results.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment5907802646818886486909256015544320\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"article-block article-block-bg 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device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>That difference of 166,800 jobs is more than 22 times the average gap between the two surveys since 2001, and has been growing for months.<\/p>\n<p>During the height of the pandemic, six-month job growth in the household survey exceeded payroll growth by more than 700,000. But that gap now approaches its highest level recorded before 2020, which was 186,100 in 2012.<\/p>\n<p>The payroll survey relies on administrative data reported by businesses for tax purposes. It\u2019s a direct input to the calculation of Canada\u2019s gross domestic product.<\/p>\n<p>The labour force survey, on the other hand, polls about 56,000 households monthly, allowing it to provide an earlier indicator of the pulse of the job market and capture geographical and socioeconomic differences. It posted new data for March three weeks ago that showed the country lost 2,200 jobs that month.<\/p>\n<p>A key difference between the two is that the payroll survey does not include self-employed Canadians, who drove February\u2019s 40,700 job gain captured by the household survey.<\/p>\n<p>Thursday\u2019s payroll data points in the opposite direction, recording a 17,700 job loss for that month.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot19 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories9375091113342651046864233424748544\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" alt=\"Top Stories\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/15.9.0\/websites\/images\/newsletters\/icon-fp-topStories.svg\"\/><\/div>\n<div>\n<p>Top Stories<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Get the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment1550294633110689128103686531186688\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>In general, the two surveys don\u2019t disagree much, Fred Demers, an investment strategist at BMO Asset Management, said.<\/p>\n<p>\u201cIt gets interesting when you start to see a little bit of a gap opening up between the two, and then the safest thing you can do is bet on payrolls, in terms of giving you leading information about what\u2019s going on,\u201d he said.<\/p>\n<p>While the household survey\u2019s increase in unemployment has been driven by a growing population rather than job losses, payrolls suggest those losses may soon appear in the household data, Demers said.<\/p>\n<p>Self-employment and the intrinsic noise from the household survey\u2019s small sample size may be reasons for the growing gap, he added.<\/p>\n<p>Dominique Lapointe, director of macro strategy at Manulife Investment Management, agreed that the two surveys tend to track closely in the long run.<\/p>\n<p>He also agreed that the household survey has converged toward payrolls in recent years, but cautioned that month-to-month volatility in the latter has been higher since the pandemic, making it harder to tell if it\u2019s still more reliable.<\/p>\n<p>Lapointe noted that job growth in services has been faster in payrolls than the household numbers.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment2397502950280046858357601220952064\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cWhat might be happening since the middle of 2023 is services sectors in the labour force survey catching up to what is reflected in the payroll survey, especially in industries such as health care, education and public administration, which continue to see rapid hiring,\u201d he said in an email.<\/p>\n<p>\u201cWhat remains concerning is the lack of net private hiring since the middle of 2023 as the labour force continues to grow at a rapid pace.\u201d<\/p>\n<p>The growing divergence between strength in the public sector and weakness in the private sector is at least one area where both surveys agree.<\/p>\n<p data-async=\"\">While the household survey has shown a gradually rising unemployment rate and even a small surprise contraction in March, Thursday\u2019s payroll numbers back the idea that the Bank of Canada risks keeping its policy rate too restrictive for too long, a concern highlighted by some officials in the most recent summary of deliberations.<\/p>\n<p data-async=\"\">Both headline and core inflation are now within the Bank of Canada\u2019s one per cent to three per cent tolerance band, and retail sales are on track for no growth in the first quarter. That said, gross domestic product growth still looks strong, supported by exports and a population surge.<\/p>\n<section aria-labelledby=\"moreTopicLabel9062589809977849051629639390199808\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" of=\"\" canada=\"\" says=\"\" rate=\"\" cuts=\"\" will=\"\" probably=\"\" be=\"\" gradual=\"\" as=\"\" inflation=\"\" risks=\"\" persist=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Bank of Canada governor Tiff Macklem during a news conference in Ottawa.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/no0424macklem.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=Am2kLV8NfHYm-rPJIqLzKw\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/no0424macklem.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=-WPZslS3e69eGCzo6fZpmA\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/no0424macklem.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=Am2kLV8NfHYm-rPJIqLzKw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/no0424macklem.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=91ysghmtbm3A7Sz3xHrgqw 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/no0424macklem.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=YRLm1u7v8Nus1N3A9xS8DA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Bank of Canada says rate cuts will probably be gradual as inflation risks persist<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" dollar=\"\" could=\"\" sink=\"\" to=\"\" cents=\"\" a=\"\" decade=\"\" from=\"\" now=\"\" says=\"\" analyst=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"The Canadian dollar, considered a commodity currency, has not kept pace with the recent increase in oil prices.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/canadian-dollar-gs0424.png?h=96&amp;strip=all&amp;quality=80&amp;sig=-eiJP3HaLcjTj858jRP6YQ\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/canadian-dollar-gs0424.png?h=96&amp;strip=all&amp;quality=5&amp;sig=7TqTK6VoE64EC19tFDFZLw\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/canadian-dollar-gs0424.png?h=96&amp;strip=all&amp;quality=80&amp;sig=-eiJP3HaLcjTj858jRP6YQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/canadian-dollar-gs0424.png?h=192&amp;strip=all&amp;quality=80&amp;sig=zQ6E3LdZECioxOHeuiioQA 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/canadian-dollar-gs0424.png?h=288&amp;strip=all&amp;quality=80&amp;sig=80zf8MWz8wIJJBDq2BO0Ew 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Canadian dollar could sink to 50 cents a decade from now, says analyst<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" retail=\"\" sales=\"\" flatline=\"\" supporting=\"\" case=\"\" for=\"\" bank=\"\" of=\"\" canada=\"\" rate=\"\" cut=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Canada's retail sales slipped in February. \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/retail-sales-0424-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=7Voapgi53iIoQoaC7P_rfA\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/retail-sales-0424-ph.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=1vwid0O2FnXW-09_rQ5VwA\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/retail-sales-0424-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=7Voapgi53iIoQoaC7P_rfA, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/retail-sales-0424-ph.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=wseCN5lId4pcesOV2zE86w 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/04\/retail-sales-0424-ph.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=NORpAo0L83kfVQNp5JSC0w 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Canada&#8217;s retail sales flatline, supporting case for Bank of Canada rate cut<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>Policymakers next set rates on June 5. The majority of economists in a Bloomberg survey expect the bank to cut policy rates by 25 basis points at that meeting.<\/p>\n<p data-async=\"\">Bloomberg.com<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Jobs indicator points to deep cracks in Canada\u2019s labour market<\/a><br \/>\n<br \/>2024-04-26 13:08:12<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links Economy Less robust than the country\u2019s most closely watched gauge of employment suggests Author of the article: Bloomberg News Jay Zhao-Murray Published Apr 26, 2024 \u00a0\u2022\u00a0 Last&#8230;<\/p>\n","protected":false},"author":2,"featured_media":46432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-46431","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46431"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46432"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}