Posts Tagged ‘gold/currencies’

Notes From Underground: Coronavirus Trumps Unemployment Data

February 9, 2020

Friday’s unemployment report was firm on job creation but soft on average hourly earnings. The work week remained unchanged. Further north, the Canadian jobs report was very robust as jobs increased by 34,500 versus an expected 16,000. The real strength was that all the jobs growth was full-time with hours worked experiencing a healthy gain of 0.5%. The unemployment rate dropped from 5.6% to 5.5%. And yet the Canadian dollar could not sustain a rally for more than five minutes.

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