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06.09.2019 18:01

Canada's labour market likely to add 15k jobs in August – TD Securities

Analysts at TD Securities are expecting Canada’s labour market to rebound with the creation of 15k jobs in August (market: 20k), following the first consecutive declines since 2014.

  • “Details should prove upbeat with a partial recovery in private employment while wage growth is projected to push even higher to 4.7% y/y (market: 4.5%) due in part to base-effects. Lastly, our forecast has the unemployment rate edging lower to 5.6%, helped by modest labour force growth during August.”



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