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Mortgage Broker News | 11 May 2015, 08:00 AM Agree 0
Brokers in hard-hit Alberta may want to be cautiously optimistic about the country’s latest employment figures, as jobs are up in oil country.
  • Darr Robbins | 11 May 2015, 05:00 PM Agree 0
    The April data suggest that Canada lost 66,500 part-time workers. Most of these, were in the retail area. What does not jive with both explanations for Governor Poloz and Dr. Cooper is that low oil prices cannot account for this labor contraction. Best-Buy and Target lay'd-off workers because of low demand, not because of declining oil prices. Expect the BoC to lower yields in parallel with the US Federal Reserve to prevent the stock market from deleveraging as sales and earnings will not materialize. Keep an eye on inventory build-up.
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