Canada’s economy is booming, as long as you ignore the actual data and upcoming revisions. Statistics Canada’s (StatCan) latest Labour Force Survey (LFS) shows seasonally adjusted employment climbed by 75,000 jobs in July. The unseasoned reality was a little less savoury, showing a 6-digit decline in the same month, along with rising unemployment. The picture may be even worse than presented, with a Big Six bank projecting substantial upward revisions to population estimates in just a few weeks.
Canada’s Job Market Is Booming If You Ignore Population Revisions
