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 added a greater-than-expected 90,200 jobs in August to bring total employment within 156,000 of where it was before the pandemic, a sign the economy is rebounding in the second half of the year as the central bank predicts.
The gain beat the 60,000 new jobs economists predicted, and the unemployment rate also fell to 7.1% from 7.5%, the lowest since the pandemic and better than the expected 7.3%.
Gains were led by service companies that benefitted most from the end of major lockdowns such as hotels and restaurants, Statistics Canada reported. While employment in those service industries remains below pre-pandemic levels, overall service employment returned to normal for the first time. Most other details were also strong, with gains led by 68,500 higher-paying full time jobs and signs of progress on workers returning to the office.
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.