REVIEW: created by import-candles on 2026-10-23 from Monorex history (digits 5 map); check digits/point_size/pip_size, then activate. New Zealand Dollar vs Canadian Dollar
AI · systemInvestingLive / ForexLive · 1 sourceImpact 3mixed
Canada’s unemployment rises as private-sector hiring weakens
Canada’s unemployment rate rose to 6.7% in October from 6.5%, InvestingLive reports, citing Statistics Canada. Employment was little changed, down 4,700 versus a 13,600 gain expected. Private-sector jobs fell 53,000 while public-sector employment rose 50,000. Annual hourly wage growth slowed to 2.2% from 2.3%, before seasonal adjustment. The report points to labour-market slack, although energy inflation complicates the Bank of Canada’s policy outlook.
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Canada’s unemployment rate rose to 6.7% in October from 6.5%, InvestingLive reports, citing Statistics Canada. Employment was little changed, down 4,700 versus a 13,600 gain expected. Private-sector jobs fell 53,000 while public-sector employment rose 50,000. Annual hourly wage growth slowed to 2.2% from 2.3%, before seasonal adjustment. The report points to labour-market slack, although energy inflation complicates the Bank of Canada’s policy outlook.
Thesis: Michalowski argues weaker private employment and slower wages favour caution on further Bank of Canada tightening.
Counter view: Limitation: Energy-driven inflation remains an offset to the weaker labour data.
Canada’s September trade surplus widened to $5.4B from a revised $5.0B, RBC Economics reports. Higher gold and energy prices helped lift export values, but export volumes fell 4% and exports excluding energy and metals dropped 5.6%. RBC estimates that around 82% of exports to the U.S. still crossed duty-free, limiting broader spillover while tariff-targeted sectors face disruption.
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Canada’s September trade surplus widened to $5.4B from a revised $5.0B, RBC Economics reports. Higher gold and energy prices helped lift export values, but export volumes fell 4% and exports excluding energy and metals dropped 5.6%. RBC estimates that around 82% of exports to the U.S. still crossed duty-free, limiting broader spillover while tariff-targeted sectors face disruption.
Thesis: RBC argues duty-free access for most Canadian exports should limit broader spillover despite significant disruption in targeted sectors.
Counter view: Limitation: Monthly trade data are highly volatile and revision prone; higher prices masked falling export volumes.
AI · systemInvestingLive / ForexLive · 1 sourceImpact 2mixed
New Zealand unemployment rises to 5.7% as wage growth slows
New Zealand’s unemployment rate rose to 5.7% in the September quarter, the highest since 2015, InvestingLive reports. Employment fell 0.1%, against forecasts for a 0.4% rise. Private-sector labour costs excluding overtime grew 0.4% over the quarter and 2.0% over the year. The report says the weaker labour market reduced pressure for another RBNZ rate increase, while Saturday’s election adds uncertainty over the bank’s mandate.
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New Zealand’s unemployment rate rose to 5.7% in the September quarter, the highest since 2015, InvestingLive reports. Employment fell 0.1%, against forecasts for a 0.4% rise. Private-sector labour costs excluding overtime grew 0.4% over the quarter and 2.0% over the year. The report says the weaker labour market reduced pressure for another RBNZ rate increase, while Saturday’s election adds uncertainty over the bank’s mandate.
Thesis: InvestingLive argues that a weaker labour market reduces pressure for the RBNZ to resume rate increases.
Counter view: Limitation: the report says the RBNZ still signalled that further increases were likely; the labour data do not constitute a policy decision.
More from the agenda 4Impact 2Carney says U.S. is asking for less in trade talks
Canada–U.S. trade talks will become more intensive, Mark Carney says. InvestingLive reports that the prime minister described Washington as asking for less and offering more, with some negotiating red lines removed. Important issues remain unresolved, and Carney gave no deadline for a final agreement. The update advances his weekend account of continuing talks, but does not confirm a deal or new tariff relief.
InvestingLive / ForexLive · 1 source · Nov 3 22:16 UTC
Open the storyImpact 2Trump adds Keystone XL to proposed Canada–U.S. trade deal
Donald Trump says a prospective trade deal with Canada would include reviving Keystone XL, with Canada paying for construction, Reuters reports. This adds a pipeline proposal to Mark Carney’s earlier account of continuing negotiations. Canada has not confirmed those terms, and the route to reviving the cancelled project remains unclear. South Bow’s separate Prairie Connector proposal would use some existing Keystone XL pipe; its investment decision is due in 2027.
www.koreatimes.co.kr · 1 source · Nov 2 04:30 UTC
Open the storyImpact 2Canada’s factories contract as costs accelerate
Canada’s manufacturing PMI fell to 49.6 in October from 51.5 in September, its first contraction of 2026, Trading Economics reports from S&P Global’s survey. New orders shrank at their fastest pace in over a year, while output and employment declined. At the same time, input-cost inflation reached its highest since June 2022 and selling-price inflation exceeded a four-year high. The combination points to weaker factory demand alongside continuing cost pressure.
tradingeconomics.com · 1 source · Nov 2 00:00 UTC
Open the storyImpact 2Carney says Canada–U.S. trade talks will continue in coming weeks
Mark Carney says Canadian and U.S. teams will keep working toward a trade deal in the coming weeks after a conversation with Donald Trump, The Canadian Press reports. Carney describes a prospective agreement that would support jobs and affordability while respecting Canada’s languages, culture and sovereignty. His statement signals continued negotiations ahead of the U.S. midterms; it does not announce a completed agreement or new tariff terms.