Canada September non-farm earnings +4.0% y/y vs +2.6% prior

Canada releases non-farm earnings data

  • Hours worked up 1.2 hours year-over-year
  • Non-farm payrolls -27.6K
  • Average weekly earnings grew in 9 of the 10 largest industrial sectors
  • Full report

This is another reason the Bank of Canada won't cut. That's the largest rise in wages since at least 2014.

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