Canada August job loss may reflect normalization after strong hiring
Royce Mendes of Desjins Capital Markets said Canada’s August employment drop could reflect data normalization after three strong hiring months. He cited 181,100 jobs added in May-to-July.
Canada's employment drop in August could reflect a "normalization" in data after three strong months of hiring, says Royce Mendes, head of macro strategy at Desjardins Capital Markets.
In the May-to-July period, Canada added 181,100 jobs, or an average of over 60,000 per month.
Mendes says it's pos…