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5 Sep 2014
Canada labor market is due for a pull back - TD Securities
FXStreet (Łódź) - Tim Davis Vice President, Global Strategist at TD Securities expects Canadian employment to show a flat print in August.
Key quotes
"We are below the market for August employment, looking for a flat print on job creation as the labour market is due for a pull back after adding 42K jobs in July."
"We also look for the unemployment rate to tick higher from 7.0% to 7.1%."
"The consensus estimate is for a 10K increase in jobs with the unemployment rate at 7.0%."
Key quotes
"We are below the market for August employment, looking for a flat print on job creation as the labour market is due for a pull back after adding 42K jobs in July."
"We also look for the unemployment rate to tick higher from 7.0% to 7.1%."
"The consensus estimate is for a 10K increase in jobs with the unemployment rate at 7.0%."