Canada’s jobless rate fell more than economists predicted in January as employers added full-time workers and service industries gained.
Unemployment fell to 7.0 percent in January from December’s 7.2 percent as the number of jobs rose by 29,400, partly reversing the prior month’s drop of 44,000, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg News projected the jobless rate would decline to 7.1 percent with a 20,000 payrolls increase, according to median forecasts.
The hiring may bolster consumer spending that has driven economic growth since the 2008 financial crisis while exports and business investment have faltered. The Bank of Canada has kept its policy interest rate at 1 percent for more than three years and predicts the economy won’t reach full output for another two years, a policy stance that pushed the Canadian dollar to four-year lows.
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China and Hong Kong shares rose on Thursday, bucking regional weakness, as revived expectations of another U.S. rate increase later this year boosted financial stocks, offseting profit takig in high-
The EU on Wednesday unveiled plans for sweeping new powers over foreign financial firms in Europe that would give the bloc strict oversight over the London financial hub after Brexit. The draft law,
Uncertainty over the UK’s future status as a financial hub after the country will have left the European Union (EU) probably by 2019 is already casting a shadow over London’s agile Islamic finance se
Malaysia and Indonesia need to invest more in Islamic finance to ensure their offerings are on par with conventional offerings, said HSBC Amanah Malaysia Bhd today.
In a statement here tod
The Malaysian and global green sukuk, or Islamic bond, markets are expected to continue to grow, thanks to increasing investor interest in sustainable investing, according to the Malaysian Internatio
Asia Assets Management