Canada added 56,000 jobs last month, blowing past expectations

Canada added 56,000 jobs last month, blowing past expectations

March 8, 2019

Karl Schamotta, chief market strategist for Cambridge Global Payments, is a bit worried about job concentration in Ontario because of what’s happening in the province’s housing market.

“If our debt-funded, real estate-backed consumption thesis is correct, national employment conditions could worsen over the coming months,” he said to CBC News after the numbers came out. Read the full CBC News article here: https://bit.ly/2tXMKBs

For further information, please contact Cambridge Global Payments

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