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's jobless rate declined for a seventh straight month in December, beating market expectations, in a survey taken early in the month before the omicron variant forced a new wave of social distancing restrictions across the country.
Employment rose by 54,700 and the jobless rate fell 0.1pp to 5.9%, the lowest since the pandemic and within sight of the modern record low of 5.4%, Statistics Canada reported Friday. Markets expected 15,000 jobs and no change in unemployment.
Wages climbed 2.7% from a year earlier, similar to the recent trend and above the central bank's 2% inflation target. The figures follow a trade report Thursday that also showed surprising economic resilience at the end of last year. Employment rebounded 4.8% in 2021 with 886,000 jobs following the plunge in 2020 as Covid-19 emerged.
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.