While I think the 64k rise in total employment during September had generally soft details under the hood (chart 1), the broad trend in employment gains this year remains explosive and it’s the wage figures that were the most eye popping and relevant consideration. I’ve got to tie a string to my finger to remember the next time not to say it’s unlikely to get another ripping wage gain after the latest one, because it just happened again. As a consequence, Canada’s bond yields took flight partly on the back of the Canadian numbers but also dragged higher by the US figures. USDCAD is little changed as the effects of ... (full story)