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Canada, one step forward-one step back - TDS

FXStreet (Guatemala) - Analysts at TD Securities explained some of the conditions around the Canadian economy.

Key Quotes:

"Given the governor’s view that the outlook for the economy “hinges critically” on exports and business investment, it’s perhaps more a case of one step forward and one step back for the economy”.

“The rotation away from domestic demand-led growth to more sustainable drivers of expansion remains elusive”.

“The tone of the BoC’s policy statement this week is likely to remain suitably subdued."

"In terms of the jobs data Friday, Governor Poloz’s recent referencing of the shift towards part-time work and the implications that this trend may have for income growth means the mix of employment becomes all the more important in determining the relative strength of the jobs report”.

“We are forecasting zero jobs growth after the July gains which will trim the 12m average pace of job growth to 7K, down from 12.1K at the start of the year and 21K in August 2013."

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