Canadian employment data for December 2017:
- Prior was 79.5K
- Unemployment rate 5.7% vs 6.0% expected
- Prior unemployment rate 5.9%
- Full time employment change 23.7K vs +29.6k prior
- Part time employment change 54.9K vs +49.9k prior
- Participation Rate 65.8% vs 65.7% prior
- Average hourly earnings 2.7% vs 2.8% y/y prior
- Permanent employee earnings 2.9% y/y vs 2.7% prior
- Hours worked +3.1% y/y
- Goods producing +6.0K
- Service producing +72.6K
My goodness. This is the second month in a row of sizzling jobs numbers. This looks very-much like a BOC hike in two weeks.
USD/CAD has cratered down to 1.2394
and that's certainly the right direction.
