Free Trial
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
- Payrolls employment rose 85.3k in September, broadly supporting the recent uptick in the more timely labour report for October, which jumped from 21k in Sep to 108k in Oct.
- As always with the SEPH report, the wage component is more interesting. Here, fixed weight wage growth, which better adjusts for compositional changes, continued to moderate to 3.4% Y/Y, the softest since Feb as it fell from 4.2% in Aug and a peak 5.4% in April.
- There’s the usual issue with time lags, but it contrasts with the latest acceleration in employee wage growth in the October labour report to recent highs of 5.6% Y/Y or 5.3% Y/Y on a full-time basis.
- It should see wage growth in next Friday’s labour report for November watched particularly closely, the last of the major releases before the BoC on Dec 7.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok