MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI BRIEF: Aussie Q3 GDP Prints At 0.3% Q/Q

MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI China Daily Summary: Tuesday, Dec 3

MNI: AUSTRALIA Q3 GDP +0.3% Q/Q

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Canada Unexpected Fall In Jobs While Wages Accelerate

CANADA DATA
  • Canada jobs -1.4K in June vs the consensus for +20K. 
  • The unemployment rate increased more than expected to 6.4% from 6.2%, the highest rate since January 2022 where it was +6.5%. 
  • Average hourly wages accelerated for the second time to the fastest pace since Dec 2023 at 5.4%. The BoC has said they will look at broader measures of wage growth. 
  • Hours worked -0.4% MOM, +1.1% YOY. 
  • The employment rate decreased for the eighth time in nine months as the labour force continues to expand +40.4K from May. 
  • Excluding 2020, the employment rate of returning students was at its lowest point since June 1998. 
  • Long term unemployment increased 4 pp from a year ago to 17.6%. 
  • The inflation report on the 16th of July will be the last major piece of data before the Bank of Canada interest-rate decision on July 24th. 
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.