Employment growth was stronger than expected in February, with all the new hiring concentrated in full-time positions. The BoC won’t change the calculus around monetary policy despite strong jobs, in the opinion of strategists at TD Securities. Key quotes “The Canadian economy created 30k jobs in February, well above expectations for a more modest pace of job growth (TD: 12k, market: 11k) which is the third consecutive month that the LFS has beaten the market consensus. “We would fade the rising unemployment rate (5.6% from 5.5%) given the 0.1pp increase in the participation rate.” “Wage growth was another strong element to the report, with average hourly earnings for permanent employees holding in at 4.3% y/y (TD/market: 3.9%) on a 0.7% m/m increase, while hours-worked were even more impressive, rising 1.2% m/m.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY fails to capitalize on upbeat NFP data, continues to trade in red near 105 FX Street 2 years Employment growth was stronger than expected in February, with all the new hiring concentrated in full-time positions. The BoC won't change the calculus around monetary policy despite strong jobs, in the opinion of strategists at TD Securities. Key quotes “The Canadian economy created 30k jobs in February, well above expectations for a more modest pace of job growth (TD: 12k, market: 11k) which is the third consecutive month that the LFS has beaten the market consensus. “We would fade the rising unemployment rate (5.6% from 5.5%) given the 0.1pp increase in the participation rate.” “Wage growth was another strong element… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
