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Country Focus

Labor Market Softness Keeps Further BoC Cuts In Play

by Felix-Antoine Vezina-Poirier, Chief Strategist  

The January Canadian labor report missed estimates. The January LFS showed headline job losses of 24.8k, compared with a 10.1k gain in December. Unemployment fell to 6.5% from 6.8%, driven by lower labor force participation rather than stronger employment…

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