Just hours ago, The Bank of Canada held rates steady and complained about various internal and external factors that were negatively impacting the Canadian economy…
Holding rates unchanged at 1.75%, the BOC cited almost everything that has gone wrong:
- moderating global growth,
- a “materially weaker” outlook for the oil sector,
- a faster-than-expected deceleration of inflation,
- a drop in business investment and downward historical revisions to output
And today we get this…
Canada added 94,100 jobs in November – the most ever! Sending the Canadian unemployment rate to a record low 5.6%…
So WTF!?
via RSS https://ift.tt/2SC2rsp Tyler Durden