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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA DATA
- Payroll employment fell -47k back in August, contradicting the 40k increase seen in the labour survey (which was followed by a 64k increase in Sept).
- The vacancy rate eased 0.1pts to 3.8% as it continued towards the 3.2% averaged in 2019. It has fallen 1pt from the 4.8% at the start of the year and a cycle peak of 5.7% in late 2021/1H22.
- Further, the fixed-weight measure of wage growth slowed sharply from 4.4% to 2.6% Y/Y. It can be noisy from month-to-month, but it pokes below the 2.7% seen in January for its softest since Feb’22.
- Coming in softer than the various series in the more timely labour report isn’t anything new for the this fixed-weight measure, but the difference is now quite large compared to the 4-5% range seen for regular wage growth (something the BoC is keen on seeing moderate).
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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