Randy Thanthong-Knight @rtkwrites
Canada economics & government reporter @business | also cover immigration | @columbiajourn and @FulbrightPrgrm alum | [email protected] rtkwrites.com Ottawa, Ontario Joined October 2010-
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Influx of Asylum Seekers Surprises Canada and Cities Bear the Cost, @rtkwrites reports. bloomberg.com/news/articles/… #cdnpoli Find out more at Nationalnewswatch.com
Canada's economy still has some gas left in the tank, bolstering the Bank of Canada’s case for a patient stance on interest rate cuts bloomberg.com/news/articles/… via @economics @rtkwrites @ErikHertzberg @jzm_econ
Canada's population grew at a record pace and added 1.3 million people in 2023 - the fastest pace since 1957 97.6% of population growth came from permanent and temporary immigration @rtkwrites
The Trudeau government’s actions to cut temporary resident numbers will add downward pressure to inflation and economic growth in the coming months, before likely halving Canada’s world-leading population growth rate next year, reports @rtkwrites bloomberg.com/news/articles/…
Canada will set a target for temporary resident arrivals for the first time this year, with the goal of reducing the number by about 20% over the next three years, Immigration Minister Marc Miller said. Story by @rtkwrites bloomberg.com/news/articles/…
Canadian consumer prices and underlying pressures unexpectedly eased, prompting traders to shift their interest-rate bets -- now pricing in a more than three-quarters chance of a cut in June bloomberg.com/news/articles/… via @economics @rtkwrites @jzm_econ @ErikHertzberg
The public and private sectors' labour markets are on two separate tracks in Canada.
The public and private sectors' labour markets are on two separate tracks in Canada. https://t.co/D7NSUxGUYU
Canada’s labor market blew past expectations with the biggest job gains since September, but a rising unemployment rate and slowing wage growth still point to easing price pressures ahead bloomberg.com/news/articles/… via @economics @rtkwrites @jzm_econ @ErikHertzberg
Employment gains in the public sector more than offset losses among Canadian businesses last month, highlighting a labor market that has been propped up by government hiring. bloomberg.com/news/articles/… via @economics @rtkwrites @jzm_econ
The Bank of Canada is tracking wage growth as one of its key metrics to determine the appropriate timing for interest rate cuts. Early indicators suggest slower gains are ahead. bloomberg.com/news/articles/… via @economics @rtkwrites @jzm_econ
The Bank of Canada held its key rate at 5% for a fifth straight meeting, saying it’s too early to discuss cuts as underlying price pressures persist bloomberg.com/news/articles/… @ErikHertzberg @rtkwrites @jzm_econ @economics
The Canadian economy bounced back at the end of last year with the help of strong oil exports, while a rebound after labor stoppages boosted growth in early 2024. bloomberg.com/news/articles/… via @economics @rtkwrites @ErikHertzberg
Canada’s population aging slowed for a second straight year as a result of strong immigration, including a recent boom in foreign students and temporary workers. bloomberg.com/news/articles/… via @economics @rtkwrites
Prime Minister Justin Trudeau said he’s hopeful the Bank of Canada will soon start easing monetary policy after the rate of inflation fell to within the central bank’s target range bloomberg.com/news/articles/… via @bpolitics @TW_Seal @rtkwrites
An influx of new immigrants is shifting Canada’s gender ratio, as a higher share of male newcomers helps squeeze the female majority to its smallest margin in decades, and why that matters bloomberg.com/news/articles/… by @rtkwrites via @BBGEquality
The Bank of Canada says it’s watching core inflation closely as it weighs when to cut rates, but a mixed bag of measures gives it options on timing. "The bank can always find a number to suit its narrative." bloomberg.com/news/articles/… via @economics @rtkwrites @ErikHertzberg
Bank of Canada Governor Tiff Macklem said monetary policy can’t solve housing shortages that are driving up costs, suggesting policymakers may consider looking beyond shelter inflation as they weigh when to cut bloomberg.com/news/articles/… via @markets @ErikHertzberg @rtkwrites
Canada’s immigration minister told Bloomberg in an interview that the country is "addicted" to cheap foreign labor, and he's taking steps to curb reliance on international students and temporary workers bloomberg.com/news/articles/… via @bpolitics @rtkwrites @btaplatt @ErikHertzberg
Canada’s longest-running poll on immigration showed a sharp drop in public support for high numbers of newcomers as housing affordability and availability worsened. bloomberg.com/news/articles/… via @bpolitics @rtkwrites
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Canada's population grew at a record pace and added 1.3 million people in 2023 - the fastest pace since 1957 97.6% of population growth came from permanent and temporary immigration @rtkwrites
Canada’s population growth rate hit a fresh record at 3.2% in 2023, capping a year when one of the world’s largest immigration programs reached its top speed bloomberg.com/news/articles/… via @business @rtkwrites
The Trudeau government’s actions to cut temporary resident numbers will add downward pressure to inflation and economic growth in the coming months, before likely halving Canada’s world-leading population growth rate next year, reports @rtkwrites bloomberg.com/news/articles/…
Canada, a country that’s relying heavily on immigration as an economic driver, is scaling back on its ambitions with a planned reduction in temporary residents after the influx exacerbated housing shortages bloomberg.com/news/articles/… via @business @rtkwrites
Canada Plans to Cut Temporary Residents by 20% Over Three Years @rtkwrites bloomberg.com/news/articles/…
Canada will set a target for temporary resident arrivals for the first time this year, with the goal of reducing the number by about 20% over the next three years, Immigration Minister Marc Miller said. Story by @rtkwrites bloomberg.com/news/articles/…
Canadian consumer prices and underlying pressures unexpectedly eased, prompting traders to shift their interest-rate bets -- now pricing in a more than three-quarters chance of a cut in June bloomberg.com/news/articles/… via @economics @rtkwrites @jzm_econ @ErikHertzberg
The public and private sectors' labour markets are on two separate tracks in Canada.
Employment gains in the public sector more than offset losses among Canadian businesses last month, highlighting a labor market that has been propped up by government hiring. bloomberg.com/news/articles/… via @economics @rtkwrites @jzm_econ
Canada’s labor market blew past expectations with the biggest job gains since September, but a rising unemployment rate and slowing wage growth still point to easing price pressures ahead bloomberg.com/news/articles/… via @economics @rtkwrites @jzm_econ @ErikHertzberg
Employment gains in the public sector more than offset losses among Canadian businesses last month, highlighting a labor market that has been propped up by government hiring. bloomberg.com/news/articles/… via @economics @rtkwrites @jzm_econ
The Bank of Canada is tracking wage growth as one of its key metrics to determine the appropriate timing for interest rate cuts. Early indicators suggest slower gains are ahead. bloomberg.com/news/articles/… via @economics @rtkwrites @jzm_econ
The Bank of Canada held its key rate at 5% for a fifth straight meeting, saying it’s too early to discuss cuts as underlying price pressures persist bloomberg.com/news/articles/… @ErikHertzberg @rtkwrites @jzm_econ @economics
The Canadian economy bounced back at the end of last year with the help of strong oil exports, while a rebound after labor stoppages boosted growth in early 2024. bloomberg.com/news/articles/… via @economics @rtkwrites @ErikHertzberg
Canada’s population aging slowed for a second straight year as a result of strong immigration, including a recent boom in foreign students and temporary workers. bloomberg.com/news/articles/… via @economics @rtkwrites
Prime Minister Justin Trudeau said he’s hopeful the Bank of Canada will soon start easing monetary policy after the rate of inflation fell to within the central bank’s target range bloomberg.com/news/articles/… via @bpolitics @TW_Seal @rtkwrites
An influx of new immigrants is shifting Canada’s gender ratio, as a higher share of male newcomers helps squeeze the female majority to its smallest margin in decades, and why that matters bloomberg.com/news/articles/… by @rtkwrites via @BBGEquality
The Bank of Canada says it’s watching core inflation closely as it weighs when to cut rates, but a mixed bag of measures gives it options on timing. "The bank can always find a number to suit its narrative." bloomberg.com/news/articles/… via @economics @rtkwrites @ErikHertzberg
2/ @MarcMillerVM is wrestling with a surge of foreign students and temporary workers that has helped drive up housing costs, sparking a backlash against Trudeau’s government. It's led to a loss of public support in recent months. Good interview by @rtkwrites #cdnimm #cdnpoli
A big change in rhetoric: Canada must end reliance on cheap foreign labour, says @MarcMillerVM Canada will curb the country’s dependence on temporary foreign labour & foreign students, he promised. “We have gotten addicted to temporary foreign workers." bnnbloomberg.ca/canada-must-en…
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