Canada: Labor market data for January is expected to weaken substantially – RBC CM

will be the jobs report on Friday. Analysts at RBC Capital Markets see a drop of 70K in employment in January. “Canadian labour market data for January is expected to weaken substantially. We’re eyeing a 75,000 drop in employment and an uptick in the unemployment rate to 6.4% after COVID-19 restrictions prompted business closures in large parts of the country.”

“Overall we do not expect Omicron disruptions to extend significantly beyond the first quarter of 2022.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

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