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April 8, 2005
Where are the jobs in Canada, eh?
The newly released Canadian jobs report shows that 30,000 full-time jobs were lost last month. Yes, lost!
The saving grace is that 34,000 new part-time jobs were created. That means the report shows a net increase of 4,000 jobs. Economists had been expecting a net gain of about 15,000.
This is not an inflationary report. This is not even a picture of economic growth.
But, the downward pressure on the Cdn dollar does help the USD. And lower job numbers do mean lower interest rates in Canada, although it's a tough way to get there.
Posted by Posted by Bill Cara on April 8, 2005 12:04:58 PM | Category: Economics
thank you, I was going to bring it up this weekend, what effect does your recent commentary have on the canadian market/economy. /Sergio
Posted by: sergio at April 8, 2005 2:29 PM [link]