2026-01-09 17:31:23

Canada's December employment report landed softer than expected—just 8.2K jobs added versus the anticipated 2.5K decline, marking a notable slowdown from November's robust 53.6K gain. The unemployment rate ticked up to 6.8%, missing the forecast of 6.7% and climbing from 6.5% the prior month, signaling emerging labor market pressure. Wage growth for permanent employees decelerated to 3.7% year-over-year, below the 3.8% estimate and down from 4.0% previously, suggesting cooling inflation dynamics. Full-time employment showed resilience with a 50.2K increase, reversing November's 9.4K decline, though part-time positions contracted 42K. These divergent signals—weaker headline growth, rising joblessness, but stronger permanent roles—paint a mixed picture for central bank rate decisions and crypto market liquidity conditions ahead.

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rug_connoisseur

· 13h ago

Is this all for CAD? The unemployment rate is at 6.8% and still rising, and wage growth is slowing down. The central bank really needs to consider this carefully this time.

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SerumSquirter

· 13h ago

Canada's employment data has taken a hit, with the unemployment rate rising and wage growth slowing... What will the central bank do?

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SmartMoneyWallet

· 13h ago

The data looks good, but the details hide a knife. Going from 53.6K to 8.2K is a direct cut in half. Is the capital fleeing the top behind this gap, or is the central bank easing liquidity? The unemployment rate is rising at 6.8%, and wage growth is dropping to 3.7%. These are typical signs of stagflation, and the whales should have noticed this long ago. Full-time salaries are at 50.2K, while part-time jobs are cut to 42K. Basically, it's just a way to wash chips and shake out retail investors. Let's wait and see how liquidity responds later.

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P2ENotWorking

· 13h ago

Canada's employment data is once again disappointing, with the unemployment rate at 6.8% and still rising... If this continues, is a rate cut by the central bank still far off? Wouldn't that be a positive for the liquidity in our crypto market?

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