Canada has been adding jobs with numbers that beat expectations for so many months. It has been on a streak so long that makes economic forecasters (yes, that is a job) embarrassed.
In fact, Canada added 10 times what economists expected in January 2023.
But, surprisingly with all these added Jobs (except July) Canadaβs economy actually contracted by 0.2% in June 2022. Also beating economist expectations.
The lesson to learn here is that economic forecasting in a social science. I stole this one from a colleague.