Canadian labour market numbers remained broadly solid in February, but that will likely matter little for markets or policymakers given increasingly intense concerns about the spread of the new coronavirus outside of China’s borders, according to Nathan Janzen from RBC Economics. Key quotes “Employment increased 30k in February. The unemployment rate ticked up to 5.6%, but that is still down from a year ago and still right around multi-decade lows. Wage growth held above 4% on a year-over-year basis.” “The fear is that spreading of the virus will prompt similar, if still ultimately transitory, impacts on a broader set of economies. That would intensify supply chain risks and hit the much larger domestic service sector. It also means that positive, but ultimately backward looking, economic data will continue to take a backseat to go-forward concerns.” 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 NFP: Payrolls basking mild weather – TDS FX Street 3 years Canadian labour market numbers remained broadly solid in February, but that will likely matter little for markets or policymakers given increasingly intense concerns about the spread of the new coronavirus outside of China's borders, according to Nathan Janzen from RBC Economics. Key quotes “Employment increased 30k in February. The unemployment rate ticked up to 5.6%, but that is still down from a year ago and still right around multi-decade lows. Wage growth held above 4% on a year-over-year basis.” “The fear is that spreading of the virus will prompt similar, if still ultimately transitory, impacts on a broader set of… 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.
