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Expiries for Nov11 NY cut 1000ET (Source DTCC)

EGB FLOWS

Schatz block buyer

EQUITIES

Continued large buying going through

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MNI BRIEF: Canada Sept Unemployment Falls, Wages Stay Hot

(MNI) OTTAWA

Canada's unemployment rate posted a surprise decline in September and wage gains held above 5%, underlining the tight job market that's leading the central bank to press ahead with higher interest rates.

The jobless rate fell to 5.2% from 5.4%, taking it back towards the record low 4.9% set earlier this year. The decrease was a combination of a 21,100 rise in employment and a 20,300 decline in the labor force, Statistics Canada reported Friday. The job gain mirrored the forecasts of economists, though they predicted no change in the unemployment rate.

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Canada's unemployment rate posted a surprise decline in September and wage gains held above 5%, underlining the tight job market that's leading the central bank to press ahead with higher interest rates.

The jobless rate fell to 5.2% from 5.4%, taking it back towards the record low 4.9% set earlier this year. The decrease was a combination of a 21,100 rise in employment and a 20,300 decline in the labor force, Statistics Canada reported Friday. The job gain mirrored the forecasts of economists, though they predicted no change in the unemployment rate.

Keep reading...Show less