{"id":268246,"date":"2025-11-07T17:59:08","date_gmt":"2025-11-07T17:59:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/268246\/"},"modified":"2025-11-07T17:59:08","modified_gmt":"2025-11-07T17:59:08","slug":"economists-see-bank-of-canada-holding-rates-steady-after-upbeat-jobs-data","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/268246\/","title":{"rendered":"Economists see Bank of Canada holding rates steady after upbeat jobs data"},"content":{"rendered":"<p>\u201cThe data reported this morning erred more towards outright improvement,\u201d Nathan Janzen, assistant chief economist at RBC, said.<\/p>\n<p>\u201cJob growth was concentrated in the private sector, improvement in the most trade-exposed manufacturing and transportation sectors, wage growth accelerating, and the labour force participation rate rising.\u201d<\/p>\n<p>Janzen cautioned, however, that the figures are \u201cnotoriously volatile, arguing against reading too much into any one report.\u201d<\/p>\n<p>He added, \u201cThe data is consistent with our own base case projections that the BoC will not cut interest rates further.\u201d<\/p>\n<p>Wage growth picked up, with average hourly earnings for permanent employees rising 4.0% year-over-year, up from 3.6% in September. Yet, most of October\u2019s job gains were part-time positions, and total hours worked fell for the second consecutive month, partly due to temporary labour disputes, including the Alberta teachers\u2019 strike.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThe data reported this morning erred more towards outright improvement,\u201d Nathan Janzen, assistant chief economist at RBC, said.&hellip;\n","protected":false},"author":2,"featured_media":268247,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[123379,49,48,11019,29022,44],"class_list":["post-268246","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-bank-of-canada-rates","tag-ca","tag-canada","tag-job-market","tag-labor-market","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/268246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=268246"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/268246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/268247"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=268246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=268246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=268246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}