- Analytics
- News and Tools
- Market News
- Canada's labour market to continue hot streak with creation of other 25K jobs in October - TDS
Canada's labour market to continue hot streak with creation of other 25K jobs in October - TDS
Previewing the Canadian jobs report that will be released on Friday, TD Securities' analysts said that they look for the labour market to continue its hot streak with the creation of other 25K jobs in October, above the market consensus for 15K.
- "With over 130k jobs created in the last two months, we would typically look for some giveback but expect hiring for the federal election to offset any weakness.
- Public administration employment has risen by 32K on average during the month of the last three federal elections, although a 21K increase in PA employment over the last four months suggests we could see more modest gains this cycle due to wider usage of early voting.
- Looking past the election-related hiring we expect a modest unwind of recent gains, with health care and education expected to give back a portion of the 70K jobs created over the last two months. We also expect a slight improvement in earnings which should push wage growth to 4.4% y/y on muted base effects."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
