Canada: Employment to decline by 5k in February - TDS

In view of analysts at TD Securities, Canadian employment is likely to decline by 5k in February, giving back a portion of the 67k jobs created in the prior month.

Key Quotes

“Other details should prove more upbeat, with wage growth expected to firm to 1.9% y/y.”

“At 8:15 ET we'll get February housing starts which are forecast to moderate to 200k (market: 204k) on weaker multi-unit construction, fitting with a pullback in construction hours-worked and unseasonably cool weather.”