Canadian Labour Forcefulness Survey: Yicch
I am every bit good tied upward to write something longer on it now, only the Canadian Labour Force Survey for Dec was a disaster. Loss of 46k jobs, Unemployment Rate upward 0.3% to 7.2% (link).
These information are noisy, in addition to thus I would non read every bit good much into the results for ane month. But is is clear that the Unemployment Rate is hitting a wall at 7% (unlike the U.S.), in addition to this volition function along the Bank of Canada on the sidelines for to a greater extent than or less time. The Canadian dollar is in conclusion weakening, in addition to thus it appears that "financial conditions" are loosening via the currency.
These information are noisy, in addition to thus I would non read every bit good much into the results for ane month. But is is clear that the Unemployment Rate is hitting a wall at 7% (unlike the U.S.), in addition to this volition function along the Bank of Canada on the sidelines for to a greater extent than or less time. The Canadian dollar is in conclusion weakening, in addition to thus it appears that "financial conditions" are loosening via the currency.
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