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Canadian hiring rebounds; ‘economic lethargy’ still a concern

Canada’s labour market bounced back in August with 26,000 new jobs, thanks to a surge in public sector hiring and new positions in Quebec and Ontario. But despite the gains, the country’s jobs market continued to show signs of strain.

The rebound follows a month where the economy shouldered huge losses in full time employment and the August rebound was not enough to offset the losses.

To read full article please click on the link below:

http://www.theglobeandmail.com/report-on-business/economy/jobs/canadian-economy-adds-26000-jobs-jobless-rate-edges-up/article31789609/

KKR: Fed to keep rate below 1% through at least 2020

The Fed will be staying lower for longer — a lot longer, in fact, if a forecast from a major private equity player is accurate.

With the market wondering whether the U.S. central bank will hike rates at its Sept. 20-21 meeting, private equity giant KKR believes those anticipating that the Fed will resume its tightening cycle anytime soon are misreading statements from Chair Janet Yellen and others.

To read full article please click on the link below:

http://www.cnbc.com/2016/09/08/private-equity-giant-kkr-says-the-fed-to-keep-funds-rate-below-1-percent-through-at-least-2020.html

Canadian economy has worst performance in 7 years in second quarter: StatsCan

OTTAWA — The Canadian economy shrivelled in the second quarter to its worst performance in seven years, Statistics Canada said Wednesday.

The federal agency said real gross domestic product fell at an annualized rate of 1.6 per cent in the three-month period, due in large part to the wildfires that destroyed parts of Fort McMurray, Alta. That’s the biggest quarterly decline since the second quarter of 2009 when Canada was in the midst of the global financial crisis.

To read full article please click on the link below:

http://www.cp24.com/news/canadian-economy-has-worst-performance-in-7-years-in-second-quarter-statscan-1.3052055

TSX, Wall St. rise as Yellen says case for rate hike stronger

The Toronto stock market and Wall Street were higher on Friday morning after Federal Reserve Chair Janet Yellen said the case for raising U.S. interest rates has strengthened in recent months.

To read full article please click on the link below:

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-wall-st-rises-as-yellen-says-case-for-rate-hike-stronger/article31571278/

Strong: U.S. economy adds 255,000 jobs in July

America’s job market remains one of the few bright spots in the economy.

The U.S. economy added 255,000 jobs in July and the unemployment rate remained at 4.9%. It far surpassed expectations of economists surveyed by CNNMoney, who had predicted a gain of 182,000 jobs.

To read full article please click on the link below:

http://money.cnn.com/2016/08/05/news/economy/us-economy-july-jobs-report/


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