Analysts at TD Securities suggest that the Canadian labour market has turned heads with its remarkable performance over the last twelve months, adding 470k jobs over that period, but TD is looking for a more modest performance with the creation of 5k jobs in September which is well below the current 6m trend of 30k. Key Quotes “Our forecast assumes mean reversion following last month’s 81k increase which stands as the second highest since 2012, trailing only the 106k print from April. Details should prove more downbeat with a pullback in private employment and the unemployment rate projected to drift higher to 5.8% following last month’s surge in labour force participation which helped to hold the unemployment rate unchanged.” “Wage growth should be the one bright spot, with average hourly earnings forecast to hold at 3.8% y/y as recent gains have helped sap even more slack from the labour market.” 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 Eurozone: Economic slowdown continuing – BNP Paribas FX Street 3 years Analysts at TD Securities suggest that the Canadian labour market has turned heads with its remarkable performance over the last twelve months, adding 470k jobs over that period, but TD is looking for a more modest performance with the creation of 5k jobs in September which is well below the current 6m trend of 30k. Key Quotes "Our forecast assumes mean reversion following last month's 81k increase which stands as the second highest since 2012, trailing only the 106k print from April. Details should prove more downbeat with a pullback in private employment and the unemployment rate projected to drift… 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.
