{"id":53670,"date":"2024-12-06T16:36:09","date_gmt":"2024-12-06T16:36:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/06\/bank-of-canada-rate-cut-a-toss-up-economists-on-jobs\/"},"modified":"2024-12-06T16:36:09","modified_gmt":"2024-12-06T16:36:09","slug":"bank-of-canada-rate-cut-a-toss-up-economists-on-jobs","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/06\/bank-of-canada-rate-cut-a-toss-up-economists-on-jobs\/","title":{"rendered":"Bank of Canada rate cut &#8216;a toss-up&#8217;: economists on jobs"},"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\">News<\/li>\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\">This is the last major data before the central bank decides on interest rates next week<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Dec 06, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 4\u00a0minutes 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=\"04925034-1341-432f-b633-69347264d6b9\" 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\/12\/jobs-1206-ph-2.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp&amp;sig=-cjsA1rTY4g9Mm2ncU-jPA,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph-2.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=webp&amp;sig=KgxSaiRKO0sanClUuPM7VQ 2x\" type=\"image\/webp\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph-2.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=jpg&amp;sig=PVwsK-EEF1vv6DIh9PAcsg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph-2.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=jpg&amp;sig=Sm-RJcPpJCxh2mDhF99d2g 2x\" type=\"image\/jpeg\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph-2.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=webp&amp;sig=j7WWZbikcqYCjqWBZgcyaQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph-2.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp&amp;sig=JHLIgXxBd8qMET5T6N952Q 2x\" type=\"image\/webp\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph-2.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg&amp;sig=Wdob4EfKrSjqBBwqu1EuIg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph-2.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg&amp;sig=3OMReR9D8KFe6jJl5Sipcw 2x\" type=\"image\/jpeg\"><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph-2.jpg?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp&amp;sig=nZI3q4IBuYgRxJqBvwbVEg,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph-2.jpg?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp&amp;sig=rnPl8vSr7dtoaXYtMg7cZA 2x\" type=\"image\/webp\"><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">The unemployment rate jumped to 6.8 per cent from 6.5 per cent as more people looked for work. <\/span> <span class=\"credit\">Photo by Christinne Muschi\/The Canadian Press<\/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=\"\">November\u2019s job numbers \u2014 the final piece of data the Bank of Canada is waiting on to help inform its interest rate decision next week \u2014 showed the economy gained 51,000 positions, well ahead of analyst estimates of 25,000.<\/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__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">The unemployment rate, meanwhile, jumped to 6.8 per cent from 6.5 per cent as more people looked for work. The forecast was for that rate to rise to 6.6 per cent.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment3756734450556042735788292898291712\" 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 article-content__sign-in-group hidden\" data-aqa=\"identity-sign-in\" data-async=\"\" 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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<p>Here\u2019s what economists think the numbers mean for the Bank of Canada as it ponders its next rate move on Dec. 11.<\/p>\n<h2>Slack building: Oxford Economics<\/h2>\n<p>Slack is continuing to build in Canada\u2019s labour market, Michael Davenport, an economist at Oxford Economics Canada, said in a note.<\/p>\n<p>Private-sector employment was unchanged last month, while hours worked fell for the third time in four months and average hourly wages grew at their slowest pace in two years.<\/p>\n<p data-async=\"\">Meanwhile, gross domestic product (GDP) is expanding below potential, he said.<\/p>\n<p>These factors, coupled with inflation, currently at the Bank of Canada\u2019s two per cent target, have Oxford expecting policymakers to cut rates by another jumbo-sized 50 basis points.<\/p>\n<h2>\u201925 basis points next week\u2019: Desjardins<\/h2>\n<p>\u201cWith recent data providing conflicting information about the state of the Canadian economy, the jobs report was left as the tiebreaker ahead of next week\u2019s Bank of Canada rate decision,\u201d Royce Mendes, managing director and head of macro strategy at Desjardins Group, said in a note.<\/p>\n<p>He described the labour report details as mostly \u201cgood,\u201d given that the gains, while in the public sector, were in education and health care, not public administration.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot24 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories3958756952838099526735932390637568\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" 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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=\"advertisment6712551958960698116383378467979264\" 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>The economist doesn\u2019t think there is cause to be overly worried about the rise in the unemployment rate, which rose \u201csolely\u201d because more people looked for work rather than lost their jobs.<\/p>\n<p>\u201cAccording to our calculations, the job separation rate, a proxy for workers losing employment, remains around historic lows,\u201d he said.<\/p>\n<p>Total hours worked fell, but that was due to strikes last month at ports.<\/p>\n<p>But Mendes said hourly wages are still rising at a \u201ctoo-hot\u201d rate for the Bank of Canada.<\/p>\n<p>\u201cWe\u2019re retaining our call that the Bank of Canada cuts rates by just 25 basis points next week,\u201d he said. \u201cThe market and other economists no longer see it this way, so we are heading into the decision with an out-of-consensus view.\u201d<\/p>\n<h2>\u2018Mixed\u2019 report: RBC<\/h2>\n<p data-async=\"\">The details in the November labour report were \u201cmixed,\u201d Nathan Janzen, assistant chief economist at Royal Bank of Canada, said.<\/p>\n<p>Job gains aren\u2019t keeping pace with the increase in Canada\u2019s workforce, while the unemployment rate is up one percentage point from last year and two percentage points from its pandemic-era low of 4.8 per cent in July 2022.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment1289543679711111498680864860012544\" 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>An increase of 80,000 in the population in November helped drive the jobless rate higher as it fuelled a rebound in the participation rate, Janzen said.<\/p>\n<p>For those looking for work, the job search is lasting longer than \u201cusual,\u201d especially for graduates and newcomers to Canada.<\/p>\n<p>\u201cThe rise in the unemployment rate (alongside a slowing in wage growth) should reinforce that interest rates are higher than they need to be to keep inflation at the BoC\u2019s inflation target,\u201d Janzen said in a note.<\/p>\n<p>RBC is calling for another 50-basis-point cut next week.<\/p>\n<h2>\u2018Hitting wages\u2019: RSM Canada<\/h2>\n<p>\u201cThe slow job market (is) finally hitting wages,\u201d Tu Nguyen, an economist at assurance, tax and consultancy firm RSM Canada LLP, said in a note.<\/p>\n<p>Wage growth slowed to 3.9 per cent year over year in November after spending most of the year around the five per cent mark, she said.<\/p>\n<p>Even if wage growth is easing, \u201cemployers are still hesitant to hire as the current real interest rate remains restrictive,\u201d she said.<\/p>\n<section aria-labelledby=\"moreTopicLabel8198461847056052725942477683425280\" 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=\"\" unemployment=\"\" rate=\"\" rises=\"\" to=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Job seekers attend a job fair in Langford, British Columbia.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=TNJBH9UnPsNgBK8bpQuT7g\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=5AGS0PyFl0XpaEX9frk1Cg\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=TNJBH9UnPsNgBK8bpQuT7g, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=md4wet5347rFRFoUyhhI_w 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/12\/jobs-1206-ph.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=jRiAdsVSYwL260GvP2Q24A 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Canada&#8217;s unemployment rate rises to 6.8%<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" approaching=\"\" levels=\"\" economist=\"\" says=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"A sign informing job-seekers of no employment outside a store in Sydney, Nova Scotia.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/no0912jobs.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=ZKRuwwXMhbsWuTwn_Kfmrg\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/no0912jobs.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=ktNqcmn87vkZjh-1rzmntQ\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/no0912jobs.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=ZKRuwwXMhbsWuTwn_Kfmrg, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/no0912jobs.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=K-prLUo6sRP_8sN4oweyFQ 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/no0912jobs.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=zKVGDT0jex7NmZlG7KJB8A 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Joblessness approaching &#8216;worrying levels,&#8217; economist says<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" canadians=\"\" left=\"\" jobless=\"\" amid=\"\" influx=\"\" of=\"\" foreign=\"\" workers=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Attendees wait for a career fair to begin in Burnaby, B.C.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/08\/no0812jobs.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=wmDuWJeB9R7HLSTBdcE_mw\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/08\/no0812jobs.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=n-M4ytnAZFBWo7jJr52YcA\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/08\/no0812jobs.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=wmDuWJeB9R7HLSTBdcE_mw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/08\/no0812jobs.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=SPsJwzNinPhVEXSyw6wrjw 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/08\/no0812jobs.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=Oy7C3p_6PEazKk4c-sztMw 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Young Canadians left jobless amid influx of foreign workers<\/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>Job hunters are also having a tougher time in Canada\u2019s labour market.<\/p>\n<p>In November, 46.3 per cent of unemployed people were new to the labour market or hadn\u2019t worked in almost a year.<\/p>\n<p>\u201cThe size of the rate cut from the Bank of Canada next week remains a toss-up, but a 50-basis-point cut seems more likely now given low inflation and a weak job market,\u201d Nguyen said.<\/p>\n<p data-async=\"\"><em>\u2022 Email: gmvsuhanic@postmedia.com<\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/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 \/>Bank of Canada rate cut &#8216;a toss-up&#8217;: economists on jobs<\/a><br \/>\n<br \/>2024-12-06 16:36:09<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy This is the last major data before the central bank decides on interest rates next week Published Dec 06, 2024 \u00a0\u2022\u00a0 Last updated 4\u00a0minutes ago&#8230;<\/p>\n","protected":false},"author":2,"featured_media":53671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-53670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53670","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=53670"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/53670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/53671"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=53670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=53670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=53670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}