Job growth in December exceeded expectations with nonfarm payrolls increasing by 256,000, up from 212,000 in November and surpassing the 155,000 forecast from the Dow Jones consensus, according to the Bureau of Labor Statistics. This strong job growth is likely to reduce the Federal Reserve’s motivation to cut interest rates this year, as the robust employment data indicates a healthy economy and may lead to a more cautious approach to monetary policy.
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Looking to buy a house in Canada amid trade war? What RBC report is telling us about the real estate market
The ongoing trade war between the U.S. and Canada has significantly cooled Canadian housing markets, leading to a sharp decline in home resales, with March 2025 marking a 15% drop from December. Major markets like Toronto and Vancouver have seen resales plummet, while new listings have increased, creating an imbalance that favors buyers and pressures prices downward. The downturn is particularly severe in trade-sensitive regions, such as southern Ontario and Vancouver, where economies are closely...
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