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Canada Jobs Gain Triple Expectations, Wages Grow Faster

From bnnbloomberg.ca

Canada’s labor market blew past expectations for a third straight month while wage growth accelerated, doing little to quell some bets for another hike amid stubborn price pressures. The country added 63,800 jobs in September, while the unemployment rate stood at 5.5%, where it’s been since July, Statistics Canada reported Friday in Ottawa. The figures beat expectations for a modest gain of 20,000 positions and a jobless rate of 5.6%, according to the median estimates in a Bloomberg survey. Wage growth for permanent employees rose to 5.3%, also beating expectations of 5.1% and up from 5.2% a month earlier. That’s ... (full story)

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  • Category: Fundamental Analysis