Canada February Employment Produces Worst of Two Worlds

(This is an excerpt from an article I originally published on Seeking Alpha on March 15, 2015. Click here to read the entire piece.) The retrenchment for employment in Canada’s mining, quarrying, and oil and gas extraction is well underway. Presumably, oil and gas are the primary drivers of the decline. The latest employment report … Read more

A Strong Headline Labor Force Survey Fails to Boost the Canadian Dollar

(This is an excerpt from an article I originally published on Seeking Alpha on Feb 8, 2015. Click here to read the entire piece.) Canada has produced several strong economic reports over the past several months. For example, even with a 8.8% month-over-month drop in employment in the natural resources sector, January produced a net … Read more

Bank of Canada Gets More Bearish Ahead of More News of Employment Stagnation

(This is an excerpt from an article I originally published on Seeking Alpha on June 8, 2014. Click here to read the entire piece.) On June 4th, the Bank of Canada hit the “repeat button” by maintaining its target for the overnight rate at 1%. The rest of the statement was not a repeat: it … Read more

A Deceptively Strong August Jobs Report for Australia

(This is an excerpt from an article I originally published on Seeking Alpha on September 11, 2014. Click here to read the entire piece.) The August employment report from the Australian Bureau of Statistics (ABS) delivered a tremendous surge in jobs. The additional 121,000 people employed in August far exceeded the “consensus forecast” of 15,000. … Read more

The Canadian Dollar Overshadowed by A Strong U.S. Jobs Report

(This is an excerpt from an article I originally published on Seeking Alpha on December 8, 2014. Click here to read the entire piece.) Canada experienced two extremely strong monthly jobs reports going into the report for November, 2014. Both positive reports were generally overlooked by currency markets. This time around, Canada’s job report did … Read more