‘Awful’ Jobs Fail to Kill Rate-Rise Expectations: Canada Credit
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The first monthly decline in Canada’s employment this year failed to dissuade bond traders from expecting another interest-rate increase by the Bank of Canada next month, though the chances are diminishing.
The odds of a 0.25 percentage point boost stood at 60 percent after the jobs report on Aug. 6, Bank of Nova Scotia data showed. In the days before the report, probabilities ranged from 62 percent to 68 percent. Bank of Canada policy makers next meet to decide monetary policy on Sept. 8.