Canada's Unemployment Rate Holds
This is a news story, published by financialpost, that relates primarily to Nick Rees news.
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•Supersize me? What economists say about the latest labour numbers and interest rates
81% Informative
Analysts had called for the jobless rate to rise to 6.6 per cent and the job market to generate 27,000 positions.
National Bank economists say the increase in employment was still insufficient to stabilize the ongoing deterioration in the labour market.
MonFX analyst Nick Rees thinks the unemployment number is a head fake.
CIBC is sticking with its call for another 50 -bps cut in December .
Wages grew by more than they did in September , but the Bank of Canada has decided that wage growth is more modest.
Markets are slightly leaning toward a larger rate cut, says Douglas Porter , chief economist at BMO Capital Markets .
VR Score
90
Informative language
93
Neutral language
79
Article tone
formal
Language
English
Language complexity
49
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5