View full page at energyexch.com

 

Despite strong jobs data, Bank of Canada seen keeping rates steady

From reuters.com

The Bank of Canada looks set to leave interest rates unchanged next month despite bumper jobs numbers in January that far exceeded market expectations and highlighted the strength of the Canadian economy, analysts said. Statistics Canada reported on Friday that employers added 66,800 jobs in January, far better than the gain of 8,000 that analysts forecast in a Reuters poll, while the unemployment rate ticked up to 5.8 percent as more people sought work. It was the second month of outsized gains in the last three, though economists said low wage growth and sagging oil prices would hold back any action by the central ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis