Canadian wage data
Prior was 2.87%
Little changed on the month
32.5 hours vs 32.8 prior (compares to 32.7 in Sept 2017)
That should get the Bank of Canada's attention. This report isn't getting much attention at the moment with USD/CAD near the lows of the day. A caveat is the drop in hours, which could be an aberration and it would drag down earnings.
Looking closer, there was a nearly 10% drop in wages for 'mining, quarrying and oil and gas extraction'. The last part of that trio might be the story there with the massive glut in Canadian oil causing a slowdown in work.
