James Knightley, Chief International Economist at ING, points out that the Canadian unemployment rate in October came in better-than-expected falling back down to 5.8%, with bulk gains in full-time work (+173,000). Key Quotes “Hidden within the report are some softer figures. The average wages for permanent workers decelerated for the fifth month in a row down to 1.9% YoY, so wage growth woes yet again dampen the unemployment rate.” “The total number of employed people came in at 206,000. And the largest contributions came from the business, building and other support services sector which by 22,000 in October (bringing year-over-year gains to 43,000). This data is aligned with our 2019 outlook that business investment is going to take a leading role in driving Canadian growth.” “Another monthly slowdown in wage growth has taken the shine off a near four-decade low unemployment rate.” 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 US stocks extend rally for fourth straight session after strong jobs data FX Street 4 years James Knightley, Chief International Economist at ING, points out that the Canadian unemployment rate in October came in better-than-expected falling back down to 5.8%, with bulk gains in full-time work (+173,000). Key Quotes "Hidden within the report are some softer figures. The average wages for permanent workers decelerated for the fifth month in a row down to 1.9% YoY, so wage growth woes yet again dampen the unemployment rate." "The total number of employed people came in at 206,000. And the largest contributions came from the business, building and other support services sector which by 22,000 in October (bringing year-over-year… 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.
