US-China Stalemate Continues | Canadian Job Market Sizzles
Published February 8, 2019
Global Markets
remain jittery as fresh doubts emerged over the prospects for US-China trade
talks and global growth outlook after US President Donald Trump economic team
said the United States and China may not be able to come to a new deal on
trade before next month.
The Canadian
Dollar strengthened after official data reversed some of the recent losses with
a strong increase in job creation during January. The Canadian economy created
67K jobs in January. However, the unemployment rate also saw a surprisingly
strong increase to 5.8%.
The British
Prime Minister Theresa May will visit Dublin to meet the Taoiseach Leo Varadkar
and other political parties as the Brexit uncertainty continues. The meetings
are also hoping to get the parties views on how progress can be made to break
the current deadlock.
St. Louis Fed
leader James Bullard reiterated that the central bank does not need to raise
rates any further to achieve its job and inflation goals. Bullard said he
expects the Fed to miss that inflation target again in 2019 and do not feel
interest rates should rise above the current range of between 2.25 and 2.5
percent.
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