Canada's Economy Loses 40K Jobs: Bank of Canada to Cut?

Canada’s money supply is growing — and that could be a key reason the Bank of Canada holds off on cutting rates. Despite a surprise loss of 40,000 jobs in July, inflation pressures tied to rising money growth may outweigh calls for rate cuts. #canadianeconomy #bankofcanada #canadainflation Links: Monetary aggregates: https://www.bankofcanada.ca/rates/indicators/key-variables/monetary-aggregates/ Canada's economy shed over 40,000 jobs in July, partly offsetting earlier growth: https://www.bankofcanada.ca/rates/indicators/key-variables/monetary-aggregates/ 'Worst jobs reading in three years' raises odds of Bank of Canada rate cut next month: https://financialpost.com/news/economy/weak-jobs-reading-raises-odds-bank-canada-rate-cut Weak jobs report unlikely to sway Bank of Canada in September, economists say: https://www.canadianmortgagetrends.com/2025/08/weak-jobs-report-unlikely-to-sway-bank-of-canada-in-september-economists-say/ Tariff tensions cloud Bank of Canada’s inflation outlook ahead of July rate decision: https://www.wealthprofessional.ca/news/industry-news/tariff-tensions-cloud-bank-of-canadas-inflation-outlook-ahead-of-july-rate-decision/389710 Consumer Price Index: https://www.statcan.gc.ca/en/subjects-start/prices_and_price_indexes/consumer_price_indexes Monetarist Theory of Inflation: https://www.economicshelp.org/macroeconomics/inflation/monetarist-theory-inflation/ Canada’s Money Supply: https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB12-7-6-2011-eng.pdf Too Much Money Can Exacerbate Inflation: https://economics.td.com/ca-too-much-money-exacerbate-inflation Bank of Canada missteps helped fuel today's inflation: https://www.fraserinstitute.org/commentary/bank-canada-missteps-helped-fuel-todays-inflation A Note of Caution on the Relation between Money Growth and Inflation: https://www.imf.org/en/Publications/WP/Issues/2023/06/30/A-Note-of-Caution-on-the-Relation-Between-Money-Growth-and-Inflation-534322 Canada's inflation rate heats up in June: https://financialpost.com/news/economy/canada-inflation-rate-ticks-up-june Analyzing the Monetary Aggregates: https://www.bankofcanada.ca/wp-content/uploads/2010/06/macleane.pdf THE STANDING SENATE COMMITTEE ON BANKING, COMMERCE AND THE ECONOMY EVIDENCE: https://sencanada.ca/en/Content/Sen/Committee/441/BANC/23EV-55745-E Interest Rates: Immediate Rates (24 Hours): Prime Rates: Total for Canada: https://fred.stlouisfed.org/series/IRSTPI01CAM156N Don’t ‘overreact’ to temporary inflation, Bank of Canada governor says: https://globalnews.ca/news/8069823/inflation-bank-of-canada-governor/ The State of the Canadian Economy & Inflation: https://sencanada.ca/content/sen/committee/441/BANC/Reports/StateofCanEconomy-Inflation_e.pdf Chartered bank assets and liabilities and monetary aggregates, month-end, seasonally adjusted, Bank of Canada: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1010011601&cubeTimeFrame.startMonth=01&cubeTimeFrame.startYear=1980&cubeTimeFrame.endMonth=05&cubeTimeFrame.endYear=2025&referencePeriods=19800101%2C20250501 M2: https://fred.stlouisfed.org/series/M2SL U.S. Federal Reserve’s inflation fears start to be realized with June CPI increase: https://www.theglobeandmail.com/business/article-fed-inflation-june-cpi-data/ How the Bank of Canada Creates Money Through its Asset Purchases: https://lop.parl.ca/sites/PublicWebsite/default/en_CA/ResearchPublications/201551E Household sector credit market summary table, seasonally adjusted estimates: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3810023801 What “stagflationary tendencies” in the latest CPI print mean for Canadian investors: https://www.wealthprofessional.ca/investments/fixed-income/what-stagflationary-tendencies-in-the-latest-cpi-print-mean-for-canadian-investors/389723 BoC still playing waiting game despite surprisingly weak July jobs report: https://www.mpamag.com/ca/mortgage-industry/market-updates/boc-still-playing-waiting-game-despite-surprisingly-weak-july-jobs-report/545573 Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.