But their banking system is sound.
Like talking about how good the person looked at his funeral?
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).