Canada: Some cracks appeared in the labor market but may not be enough for the BoC – CIBC

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Canada: Some cracks appeared in the labor market but may not be enough for the BoC – CIBC – by MSalordFX Canada BOC Banks

e cracks appeared within the Canadian labour market in May, but these “may not yet be wide enough to convince the Bank of Canada that inflation is about to meaningfully cool off.”“The weaker-than-expected headline figure may have been exaggerated by youth employment, which can be volatile at this time of year. As such, we stillone more 25bp hike from the Bank of Canada by the September meeting.

“Bond yields and the Canadian dollar weakened on the news that employment fell in May. However, the moves were fairly small in comparison to the gains seen after the Bank of Canada decision on Wednesday, and markets are still fully pricing in one more 25bp interest rate hike by September.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 14. in BE

Belgique Dernières Nouvelles, Belgique Actualités