Canada: Economy likely to add 5k jobs in September – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for the Canadian economy to add 5k jobs during September, in line with the market consensus for a 6k increase, on the heels of a massive 88k print for August.

Key Quotes

“Details should prove largely downbeat, with private employment projected to contract on the month while the unemployment rate is expected to edge higher by 0.1pp to 5.8% (market: 5.7%). Wage growth should be the one bright spot, with average hourly earnings forecast to hold at 3.8% y/y.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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