Bank of Canada Slices Another 50 Basis Points off the Policy Rate
Bank of Canada Slices Another 50 Basis Points off the Policy Rate; Contemplating Quantitative/Credit Easing
The Bank of Canada cut the overnight rate by 50 basis points to 0.5% largely in line with expectations with futures markets priced for 40 of the 50 basis-point slice. Highlighting the extraordinary conditions facing the Canadian and global […]
Canada: Labour Market Nose Dives in January
Canada: Labour Market Nose Dives in January Canadian labour market shed’s 129,000 jobs in January Unemployment rate shot up to 7.2%
January’s labour market report was a jaw dropper with a whopping 129,000 job losses, the worst monthly loss on record, and about three times what markets where expecting. To make matters worse, the unemployment rate […]
Employment In Canada Continues To Deteriorate, Falling A Record Number
Employment In Canada Continues To Deteriorate, Falling A Record Number
Canadian Employment Change Actual -129.0K, Expected -40.0K, Previous -34.4K
Canadian Unemployment Rate Actual 7.2%, Expected 6.8%, Previous 6.6%
Release Explanation: The release measures the number of jobs created, or the percentage of employed/unemployed in the labor market. A currency will strengthen or weaken in-line with the other […]