Here are five things you need to know this morning.
Treasuries Tumble With US Payroll Growth Blowing Past EstimatesPBOC’s Pan Gongsheng Faces First Big Test on International StageCodelco Plans to Borrow More as Copper Giant Reviews Major ProjectsTaylor Swift Effect Boosts Stocks on Both Sides of the AtlanticSoftBank’s Arm Faces Wall Street Scrutiny After Biggest US IPO Since 2021RSK Is Seeking £500 Million in Preferred Equity To Fund GrowthExxon Mobil Near $60 Billion Deal to Buy Pioneer, WSJ SaysCorporate America Is Ignoring Jay Powell and...
Canadians likely to spend more on Thanksgiving dinner this yearMortgage renewals could cause severe downturn: analyst noteCanadian entrepreneurs are in decline: RBC EconomicsImmigration should be considered with jobs data: economistCompetition intensity has decreased over last two decades, Competition Bureau findsMontreal home sales in September up 9% from year ago: QPAREBIncome gap declined from 'record high' in Q2: StatCanGreater Toronto home sales drop 7.
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Canada job gains triples expectations in September; wage growth acceleratesCanada's economy added a net 63,800 jobs in September, more than tripling expectations, while the jobless rate stayed at 5.5%, Statistics Canada data showed on Friday. Analysts polled by Reuters had forecast a net gain of 20,000 jobs and for the unemployment rate to edge up to 5.6% from 5.5% in August. Canada's labor market, supported by strong immigration, has been resilient even as the Bank of Canada raised its key overnight rate 10 times since March 2022 to cool the economy.
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Canada’s job gains triple expectations in September; unemployment rate at 5.5%The acceleration in wage growth is likely to worry the central bank, which has stressed that it will be hard to fully curb inflation if wages maintain their current patterns
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