Canadian economy adding 150,000 jobs in January is putting pressure on the Bank of Canada to reconsider its pause to interest rate hikes.
It then became the first major central bank to say it would hold off on further increases to let previous hikes sink in.
“However, that won’t stop markets reacting to today’s strong data by pricing in a greater probability of further hikes, and pricing out rate cuts,” he said..January’s job additions, the fifth consecutive monthly gain, were driven primarily by the core-age group of 25 to 54 year-olds and were spread across several industries, Statscan said.
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