BMO on The Day, Week Ahead in Canada
BY MT Newswires | ECONOMIC | 07:44 AM EST07:44 AM EST, 02/02/2026 (MT Newswires) -- Friday's January Labour Force Survey (LFS) in Canada is the feature items for the week, said Bank of Montreal (BMO).
Canadian employment growth is expected to show signs of steadying, although at a very modest rate of 5,000, thus nudging the jobless rate up to 6.9%, noted the bank.
While a focus on productivity is holding back hiring in the United States, the reluctance to hire in Canada relates more to the damaging effects of high tariffs in a few industries and trade policy uncertainty holding back business spending, stated BMO.
On the data deck on Monday are the January new motor vehicle figures for Canada and the U.S., and the January S&P Manufacturing PMI, pointed out the bank.
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