A Surging Unemployment Rate Signals A "Surefire" Recession in Canada, Says Rosenberg Research-March 2024-www.financetom.com

A Surging Unemployment Rate Signals A "Surefire" Recession in Canada, Says Rosenberg Research

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A Surging Unemployment Rate Signals A "Surefire" Recession in Canada, Says Rosenberg Research

Dec 9, 2024 5:37 AM

08:11 AM EST, 12/09/2024 (MT Newswires) -- Friday's Canadian unemployment rate at a three-year high of 6.8% is now up +1.7 percentage points over the past two years, noted Rosenberg Research.

Every time this has happened in the past, the Canadian economy was either heading into recession, already in one, or crawling out of one, pointed out Rosenberg.

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