Canada Employment

But their banking system is sound.

Like talking about how good the person looked at his funeral?

Karim writes:

Another downbeat number with the unemployment rate rising to an 8mth high of 7.6% (from 7.5%).

Total employment up 2.3k, with full-time jobs -3.6k after -21.7k the prior month.

In the past 5mths the unemployment rate in Canada has risen by 0.4% while the U.S. has fallen 0.6% (subject to today’s #)-a large move in a short time.

Chart below shows the recent divergence in Conference Board confidence surveys for Canada (blue) and U.S. (red).

Confidence divergence