Canada November employment change +50.5K vs +25.0K anticipated

• Prior month +14.5K
• Unemployment fee 6.eight% vs 6.6% anticipated (prior 6.5%)
• Full-time employment +54.2K vs +25.6K prior
• Half-time employment -Three.6K vs -11.2K prior
• Participation fee 65.1% vs 64.eight% prior
• Common hourly wages y/y four.1% vs four.9% prior
• Non-public sector employment +6.3K vs +20.5K prior
• Public sector employment +45Ok vs -17.2K prior

Forward of the information, the market was pricing in a 56%
likelihood of 50 bps lower from the Financial institution of Canada. The chances jumped to 68% for a 50 bps lower after the discharge.

This text was written by Giuseppe Dellamotta at www.ubaidahsan.com.



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