CAN ECON: Unemployment Drops to 7.4%, New Jobs +3,100 in Dec.
[12:02 CAN ECON: Employmt Rises 30.3K; Headline 7.4%, Dn 0.1%] Boston, January
9, 2004. Expectations called for a rise of 21K vs 54K in November and a headline
rate unchanged at 7.5%. Relatively bullish CAD results as the participation
rate also rose to 67.7%. The rise in employment was led by the most important
category being full time jobs which were up 45.5K while part time rose 7.6K.
These are not numbers that may entice the Bank of Canada to cutting rates on
January 20. Disappointment seen in the short interest rate futures contract.
More in a few.
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