Canada: Focus on employment data – TDS


Analysts at TD Securities are looking for the Canadian job growth to pick up to 25k in November (market: 10k), led by further strength in services.

Key Quotes

“This should help the unemployment rate push lower to 5.7% although a deceleration in wage growth to 1.8% y/y will take away from the upbeat tone of the headline print (market: 5.8%, 1.8%).”

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