09-28-2020, 10:23 PM
(09-28-2020, 09:56 PM)danbrotherston Wrote:(09-28-2020, 09:44 PM)tomh009 Wrote: It has not? Stats Canada begs to disagree:
https://tradingeconomics.com/canada/employment-change
3M jobs lost in March and April, 1.7M recovered up to the end of August. Not out of the woods by any means, but to say there has been no rebound is disingenuous.
Jobs are up, I'll give you that, but CPI is near zero.
https://tradingeconomics.com/canada/inflation-cpi
So, we can trade stats if we want too, but I perhaps understated the growth of the economy.
It's probably unfair to try to draw many conclusions at this point anyway, the lockdown was lifted as the case numbers was also dropping.
CPI is for prices, though, not growth. GDP would be the best indicator for growth, but it's reported only quarterly, not monthly. And it lags the calendar significantly, it will probably be two months before we see the third-quarter numbers.
https://www150.statcan.gc.ca/n1/daily-qu...8a-eng.htm
But, yes, I agree, it's too early to know what the recovery will look like. Let's see what the numbers say three months from now.