CANADA DATA: Canada Jobs in June +83.1K Above Consensus For Flat Reading
Jul-11 12:30
- Canada employment in June +83.1K, sharply above economists' flat forecast and predictions by some that the economy is entering a recession.
- Despite the ongoing U.S. trade war, the increase was broad-based and led by wholesale and trade, healthcare and even manufacturing.
- Unemployment fell for the first time since January, +6.9% in June, below consensus for a +7.1% increase and down from +7.0% in May.
- Hours worked +0.5% MOM and +1.6% YOY.
- Average hourly wages among employees +3.2% YOY in June from +3.4% in May.
- Unemployment rate in auto hub of Windsor, rose to 11.2% in June.
- Returning students saw the highest jobless rate for the month of June since 2009 ex-pandemic.
- BOC has said it could cut interest rates if the economy weakens and inflation is contained. The next interest rate decision is July 30.
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MNI: US MAY CPI UNROUNDED M/M 0.081%, CORE 0.130%
Jun-11 12:30
- MNI: US MAY CPI UNROUNDED M/M 0.081%, CORE 0.130%
MNI: US MAY SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.061%
Jun-11 12:30
- MNI: US MAY SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.061%
MNI: US MAY CPI 0.1%, CORE 0.1%; CPI Y/Y 2.4%, CORE Y/Y 2.8%
Jun-11 12:30
- MNI: US MAY CPI 0.1%, CORE 0.1%; CPI Y/Y 2.4%, CORE Y/Y 2.8%
- US MAY ENERGY PRICES -1.0%
- US MAY OWNERS' EQUIVALENT RENT PRICES 0.3%
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