The unemployment rate stood at 6.1 per cent in November - the lowest rate since mid-2001. The return to higher growth in 2006 should allow the annual unemployment rate to decline slightly in that year.
More Quotes from Rick Egelton:
Retail sales -- a little disappointing when you look outside autos. All in all, it suggests moderate growth in consumer spending.Rick Egelton
We are seeing the prices-paid component getting up there, a fairly strong number, which I think will likely heighten the Fed's concern on the inflation front,
Rick Egelton
It (the GST cut) is their big initiative and it doesn't leave them a lot of room to do other things.
Rick Egelton
The No.1 threat for Canada going forward is the U.S. dollar.
Rick Egelton
We expect further declines in 2006 and subsequent years as pent-up demand is fulfilled and as interest rates rise over the medium term.
Rick Egelton
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