The growth in jobs is really good news. But if you are borrowing lock in rates now -- the rates are sure to rise soon.
From Saturday's Globe:
After weathering a brutal downturn that knocked hundreds of thousands of Canadians out of the work force, Central Canada's job machine is back and revving into high gear.
The country's remarkable rebound from recession gained momentum in June, as surging job growth in Ontario and Quebec underpinned an increase of 93,000 jobs and unemployment fell below 8 per cent for the first time since early 2009, Statistics Canada reported.
Ontario produced 60,000 jobs in June, and Quebec added 30,000, as employment soared in the services sector, including gains in retail, health care, trade and building services.
Importantly, the June jobs report showed the private sector continues to pick up the baton from the public sector, which has long supported the economy with a massive stimulus spending package on the order of $62-billion.
1 comment:
the money guy on cbc fred said the jobs are the hiring of the three day summit staff including the agent provacateurs,all security about 90.000 for three days in june.probably a few more to make sure they learn how to beat people up with their sticks.
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