Canada October employment change +14.5K vs +25.0K expected ...Middle East

Prior month +46.7KUnemployment rate 6.5%vs 6.6% expected (prior 6.5%)Full-time employment +25.6K vs +112.0K priorPart-time employment -11.2K vs -65.3K priorParticipation rate 64.8% vs 64.9% priorAverage hourly wages y/y 4.9% vs 4.5% priorPrivate sector employment +20.5K vs +61K priorPublic sector employment -17.2K vs -24K priorAhead of the data, the market was pricing in a 60% chance of 50 bps from the Bank of Canada and a 40% chance of a 25 bps cut. That ticked down to 54-46% afterwards. USD/CAD was trading at 1.3909 and slipped to 1.3903.The Bank of Canada is likely to see further evidence of jobs market weakening here, though it's not enough to confirm 50 bps yet. They will get another jo

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Canada October employment change +14.5K vs +25.0K expected ...Middle East

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