Canadian Bail-in Regime Update
Canada's Economic Outlook Post COVID - Employment & Output
On a seasonally-adjusted monthly basis,
CPI fell 0.3% in January 2024
Unemployment rate remained dropped to
5.7% in January 2024
Employment Rate has remained steady at
approximately 62% as population growth
continues to outpace employment growth
Headline employment has grown in January
adding 37,000 jobs in full time and part time
employment.
110.0
105.0
100.0
95.0
90.0
85.0
80.0
75.0
70.0
65.0
60.0
Monthly Real GDP & Employment Trend
Index December 2019 = 100 s.a.
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022
-Monthly real GDP1 -Employment
Canadian Labour Market - Year over Year
15%
14
Employment Growth (YoY% - RHS)
Unemployment Rate Seasonally Adjusted (% - LHS)
11%
12
CIBCâ—‡
10
8
6
7%
3%
-1%
-5%
-9%
4
-13%
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022
Source: Statistics Canada, CIBC Economics, Canadian Economic Dashboard and COVID-19 Monthly Update
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