Canadian Job Market Weakens, yet Inflation Risks and Uncertainty Remain
Dow Jones
Oct 09
1039 ET - Canada's labor market lost more ground in September with a second straight month of job losses after a stronger spring and summer run, Canadian Chamber of Commerce economist Anupriya Gangopadhyay says. For the Bank of Canada, the latest labor report adds to the case for a more dovish tone at its Oct. 28 policy decision, though it doesn't make a rate cut automatic, Gangopadhyay says. "The labor market is clearly softening, but the bank will still need to balance weaker hiring against inflation and broader uncertainty."
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.