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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
- Tomorrow sees labour force survey data for August, with consensus for jobs to have increased 17.5k after July’s surprise -6k.
- Yesterday’s BoC statement noted that “The tightness in the labour market has continued to ease gradually. However, wage growth has remained around 4% to 5%.”
- To this end, we focus on the unemployment rate (consensus sees edging another tenth higher to 5.6%) and wage growth (consensus moderates only marginally from 5.0% to 4.7% Y/Y for permanent employees).
- The Canadian labour market has been showing a greater degree of moderation than that of the US, at least it had until last week’s payrolls report for August when the unemployment rate surprisingly stepped three tenths higher. We watch for any similar August moderation in Canada.
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.
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