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Canada Jobs Report: Forecasted Surge in Unemployment Rate
Statistics Canada is set to release the Canadian Labour Force Survey report on August 9. Market participants so far anticipate that the report will present mixed results, which could further support the Bank of Canada's (BoC) ongoing easing cycle. In July, the Bank of Canada trimmed its policy rate by an extra 25 bps to 4.50%, following a quarter-point interest rate reduction at its meeting in June. Back to the last gathering, the central bank left the door open to further rate cuts if inflation continues to progress towards the bank’s target, while it projects consumer prices to hover around the 2.0% goal in the ... (full story)
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- Posted: Aug 9, 2024 7:50am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,437
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