Yahoo: The Canadian dollar tumbled the most since June after a report showed the nation’s labor market unexpectedly contracted last month.Now parts of the USA suffer these contractions all the time but most of them have to suffer it at the same time to get a blue bar in the aggregate.
The currency fell as the number of employed people in Canada declined by 31,200 in July, the most since November, after posting an unexpected loss of 700 the month prior, according to data released by Statistics Canada. A Bloomberg survey of economists forecast 10,000 new hires for the month. Meanwhile, data out of the U.S. showed better-than-expected job creation, renewing expectations that the Fed may tighten monetary policy this year.
Saturday, August 6, 2016
Can we call the recession in Canada?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment