(Reuters) - Futures for Canada's main stock index slipped on Friday on worries over hawkish comments from the Bank of Canada's (BoC) Governor Tiff ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Futures for Canada's main stock index slipped on Friday on worries over hawkish comments from the Bank of Canada's Governor Tiff Macklem, while investors awaited a key jobs report due later in the day.
Macklem said on Thursday interest rates may not be high enough to bring inflation back down to target, a day after the BoC held borrowing costs at a 22-year high. The Canadian economy is expected to add 15,000 jobs in August, in contrast to an unexpected shed of 6,400 jobs in July, according to a Reuters Poll of economists. The unemployment rate for last month is estimated to rise to 5.6% from 5.5% in July.
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