'Simply brutal': Canada lost 84K jobs in February; unemployment rises to 6.7% Grim report should make Bank of Canada rate hikes unlikely, BMO chief economist says In this article : Recomme...
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Source: Yahoo! Finance Canada
Economists had expected the Canadian economy to add 10,000 jobs and the unemployment rate to tick back up to 6.6 per cent, according to consensus estimates published by the Bank of Montreal. In a note to clients, BMO chief economist Douglas Porter calls the February data “a simply brutal result,” noting that it “ranks as one of the worst (non-pandemic) months ever for jobs.“ He declares the report “weak almost from head to toe” and points to “a near absence” of net job growth in the last 12 months. “Somehow, the market continues to price in Bank of Canada rate hikes for later this year, but if this employment report is at all indicative of underlying economic conditions, the last thing the Bank would be considering would be rate hikes,“ Porter concluded. The February numbers suggest “a worrisome turn” for Canada's job market, CIBC economist Katherine Judge wrote, with a loss of 108,000 full-time jobs — 73,000 of those in the private sector. “Overall, this is clearly a very wo
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BMO
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- 2/25/26 - Beat
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- 3/13/26 - Form 424B2
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