Canada? Again?!

This otherwise sleepy Friday began with the sort of clearly defined spike in volume and yield that often accompanies big ticket economic data.  With the time of the spike being 8:30am (the headliner time slot, to be sure), market watchers refreshed their econ calendars to make sure nothing was missing.  Only those with more international worldviews were immediately aware of what had just happened.  Canada's NFP equivalent fell 17.3k vs forecasts for +21.3k and a previous reading of 41.4k.  This is the first negative reading since the post-covid labor market volatility stabilized, and the second time this week Canadian market movers reached across the border. It's abnormal and interesting to see this much of a reaction to the Bank of Canada earlier this week and now to Canadian employment today.  It likely reflects the market's eagerness to identify a potential turning point in the forces underlying inflation as well as the general absence of any other relevant calendar events on the Friday before Fed/CPI week.
http://dlvr.it/SqQXSM

Comments

Post a Comment

Popular posts from this blog

It’s been challenging trying to find the right home over the past couple of years, but that’s starting to change. With more affordable options hitting the market compared to last year, it's a great time to find your ideal home. I’ll keep you updated as inventory blossoms and fresh listings emerge. DM me today to start your search. #springhousingmarket #homebuyingseason www.DanFreshley.com

Image
It’s been challenging trying to find the right home over the past couple of years, but that’s starting to change. With more affordable options hitting the market compared to last year, it's a great time to find your ideal home. I’ll keep you updated as inventory blossoms and fresh listings emerge. DM me today to start your search. #springhousingmarket #homebuyingseason www.DanFreshley.com http://dlvr.it/T4srhv
Read more

Builders Respond to the Need for Less Expensive Homes Builders are responding to the need for less expensive homes. Let’s connect to go over the process of buying a newly built home and find the right one for you. #affordablehomes #homebuilders www.DanFreshley.com

Image
Builders Respond to the Need for Less Expensive Homes Builders are responding to the need for less expensive homes. Let’s connect to go over the process of buying a newly built home and find the right one for you. #affordablehomes #homebuilders www.DanFreshley.com http://dlvr.it/SvX6fV
Read more

Outdoor Projects Can Boost Curb Appeal When You Sell [INFOGRAPHIC] In real estate, a good first impression is key. If the outside of a house looks welcoming, more people will want to come in and see it. Your agent helps you by giving advice on what you may want to prioritize, finding easy fixes that make a big difference, knowing what buyers in your area like, and showing off your updates in your listing. DM me so you have expert advice on what'll have the biggest impact in our area. #sellyourhouse #moveuphome #dreamhome www.DanFreshley.com

Image
ICYMI: Outdoor Projects Can Boost Curb Appeal When You Sell [INFOGRAPHIC] In real estate, a good first impression is key. If the outside of a house looks welcoming, more people will want to come in and see it. Your agent helps you by giving advice on what you may want to prioritize, finding easy fixes that make a big difference, knowing what buyers in your area like, and showing off your updates in your listing. DM me so you have expert advice on what'll have the biggest impact in our area. #sellyourhouse #moveuphome #dreamhome www.DanFreshley.com http://dlvr.it/T4r6HF
Read more