Canada’s three-month streak of job losses was snapped last month. Statistics Canada says the economy added 21,100 jobs in September, slightly outpacing expectations.
in September, slightly outpacing expectations. The details are mixed: unemployment unexpectedly fell to 5.2 per cent, while year-over-year wage growth slowed to that same number of 5.2 per cent — which could be a bit of a relief to Bank of Canada Governor Tiff Macklem, who has been warning about the dangers of a wage-hike cycle exacerbating inflationary pressure.Over in the U.S., non-farm payrolls rose a smidge more than expected at 263,000 in September; down sharply from August’s hiring pace.
Twitter shares have been drifting lower in extended trading as the takeover by Elon Musk continues being dogged by doubt. Late yesterday, the timeline for getting the deal done became clearer after a Delaware judge set an Oct. 28 deadline to close the transaction. If that deadline isn’t met, a trial between the parties will begin in November. Earlier yesterday, Bloomberg News
talks between Twitter and Musk were stalling because of language about his debt financing when he revived the takeover.Notable earnings: Tilray Brands, MTY Food Group 1000: New York Federal Reserve President John Williams discusses economy and monetary policy in fireside chat hosted by The State University of New York
Informal meeting of European leaders in Prague to discuss support for Ukraine, energy, and the economy
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