Employment +30.3k in February vs. MNI...>

CANADA DATA: Employment +30.3k in February vs. +13.5k MNI median

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- Feb. unemployment rate +5.6% vs. MNI median +5.6%. 

- Full-time work +37.6k vs. -7.3k part-time work.

- Avg hourly wage +4.1% YoY to C$28.66.

- Employment in goods sector +5.6K MoM; mainly on manufacturing (+0.9%) 

and utilities (+1.8%).  

- Employment in service sector +24.6K MoM; driven by wholesale/retail 

trade (0.8%) and information (+1.9%).

- Total hours worked +2.3; the fastest gain since November 2018. 

CANADA DATA: Jan. Trade Balance -C$1.47B vs. Forecast -C$0.71B 

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- Jan. exports -2% MoM to C$48.1B; -3.1% in volume terms. 

- Imports -0.5% MoM to C$49.6B; -0.5% in volume terms.

- Exports of motor vehicle/parts (-4.1) vs. imports (-1.2%) both on 

temporary shutdowns and Oshawa GM closure. 

- Exports of energy products (-1.7%) mainly on declined exports on 

natural gas (-26.2%) and coal (-23.6%).

- Jan. decline in consumer goods imports (-6.3%) mainly drove the 

monthly imports decline. 

- Imports of energy products +7.6% on higher crude oil imports +26.4% to 

C$2B; highest since 2014. 

- Total exports -0.5% YoY vs. imports -4.9%; the fastest in a decade.