By James Knightley, Chief International Economist
Canada lost 1,800 jobs in October with private sector employment falling for the third month out of the past four. Wages are holding up, but with more signs of economic weakness the odds of a 4 December rate cut are rising
Jobs weak, but wages remain strong
The Canadian jobs report for October is weaker than hoped. Having posted gains of 135,000 in the previous two months, employment fell by 1,800 versus expectations of a 15,000 increase. Worryingly, private sector employment has fallen for the third month out of