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.”

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