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Supersize me? What economists say about the latest labour numbers and interest rates

financialpost
Summary
Nutrition label

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

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