Canada: Labour market shrugs off Q1 slowdown - NBF
|Krishen Rangasamy, analyst at National Bank Financial, suggests that for the Canadian economy, recruiters don’t seem to be bothered by country’s economic slowdown.
Key Quotes
“The labour market has indeed shown resilience with paid employment averaging 52K/month in Q1 according to the Labour Force Survey (LFS), the best quarter since 2010Q2. This morning’s Survey of Employment, Payrolls and Hours (SEPH) suggested solid employment gains as well during the first quarter.”
“True, we only just got February data for the SEPH, but the first two months of the quarter averaged a massive 56K/month.”
“Declining numbers of employment insurance beneficiaries corroborate evidence from the LFS and SEPH that the Canadian labour market is indeed in good shape.”
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. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.