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The Bank of Canada is likely to hold its policy rate at 2.25 per cent in October given September’s weak jobs report and core inflation remaining near target.
Investing.com -- Canada’s labour market suffered a sharp setback in September, wiping out the year’s employment gains as public-sector weakness and falling youth employment drove job losses far beyond economists’ expectations.
New numbers show Canada lost thousands of jobs last month, for the second month in a row. That's as the federal government attempts to save 350 steelworker jobs in Hamilton — threatening legal action against Stelco's U.S. parent company. Power & Politics hears from Ron Wells, president of the local United Steelworkers…