10 Oct 2014
Anticipated rebound in Canadian jobs - TDS
FXStreet (Bali) - TD Securities FX Tea calls for a slightly higher than consensus Canadian employment report, with 25k rise vs 20k market expectation.
Key Quotes
"The market consensus calls for a 20k gain in September jobs, more than reversing the disappointing 11k drop seen in August. TD calls for a slightly higher 25k rise in employment. But the anticipated rebound will do little to alter the picture of sluggish job growth on a trend basis. A 20k rise would take the six month average gain in jobs to 6.3k and the 12 month average gain to 8k; a 25k gain would produce averages of 7.2k and 8.4k respectively. That compares with August's six month pace of 10.2k and a 12 month clip of 6.8k. In January, these trends stood at 15.3k and 12.2k respectively (and 22k and 17.8k respectively in September last year)."
Key Quotes
"The market consensus calls for a 20k gain in September jobs, more than reversing the disappointing 11k drop seen in August. TD calls for a slightly higher 25k rise in employment. But the anticipated rebound will do little to alter the picture of sluggish job growth on a trend basis. A 20k rise would take the six month average gain in jobs to 6.3k and the 12 month average gain to 8k; a 25k gain would produce averages of 7.2k and 8.4k respectively. That compares with August's six month pace of 10.2k and a 12 month clip of 6.8k. In January, these trends stood at 15.3k and 12.2k respectively (and 22k and 17.8k respectively in September last year)."