Canada's Jobs Slump in August Makes Bank of Canada Tightening Look Mispriced, Rosenberg Research Says
MT newswire2026/09/08 13:14Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
09:14 AM EDT, 09/08/2026 (MT Newswires) -- Canada's weak August Labour Force Survey (LFS) is casting doubt on expectations for further Bank of Canada tightening, as employment fell by 41,700, sharply missing forecasts for a 15,000 increase, according to Rosenberg Research in a Tuesday note. The decline in Friday's Statistics Canada LFS release ended a three-month streak of job gains and marked the steepest drop since February. The weakness was broad-based, led by losses in services, while employment fell in half of Canada's provinces, said Rosenberg Research. Easing employment and wage pressures weaken the case for aggressive BoC rate hikes, suggesting markets may be pricing in too many hikes, added Rosenberg. The data points instead toward a more cautious path for interest rates. Full-time employment also declined sharply, while wage growth eased to 2.0% year over year in August from 3.0% in July, below the 2.9% consensus.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Omnicom to Present at Goldman Sachs Communacopia + Technology Conference
Reuters•2026/09/08 15:19
M&T Bank Poised for $2.9 Billion in 2027 Buybacks, Topping Consensus, Morgan Stanley Says
MT newswire•2026/09/08 15:19
Wedbush Adjusts Intellia Therapeutics Price Target to $13 From $12, Maintains Neutral Rating
MT newswire•2026/09/08 15:18
Crypto prices
MoreBitcoin
BTC
$78,479.87
-0.76%
Ethereum
ETH
$2,483.14
-0.12%
Tether USDt
USDT
$0.9997
-0.01%
BNB
BNB
$751.01
+1.26%
XRP
XRP
$1.42
+1.58%
USDC
USDC
$1.0000
+0.01%
Solana
SOL
$103.56
-0.81%
TRON
TRX
$0.3388
+1.33%
Hyperliquid
HYPE
$83.86
-2.68%
Zcash
ZEC
$1,178.29
+1.34%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now