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๐ Maple Market Challenge 22: The final trailer, job data, is out. What's the BoC's final decision?
Hi, mooers!
First thing first, letโs dive into last weekโs vote: With Trump's 25% tariff impacts, are you switching your investments to something more stable? ![]()
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Now, brace yourselves for today's vote! Participants with the right answer will receive 20 points for voting!
The November jobs data is the last report before the Bank of Canada issues its final rate decision of the year on Dec. 11.
The November jobs data is the last report before the Bank of Canada issues its final rate decision of the year on Dec. 11.
Statistics Canada revealed that the unemployment rate rose to 6.8% (Exp:6.6%), the highest since January 2017 (excluding the COVID-19 pandemic), while the economy added 50,500 jobs, 25,500 more than expected. This increase in full-time employment was not enough to keep pace with Canada's population growth, leading to more job seekers.
Following the report, market expectations for a 50 basis point rate cut by the Bank of Canada surged from 55% to 68%.
Read more: 50bp or 25bp? What BoC's Decision Means for You
Read more: 50bp or 25bp? What BoC's Decision Means for You
1. As an investor, how would you digest the November job data in Canada๏ผ
Share your market smarts in the comment area to earn 50 points!
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72316632 : Continue to invest
74146305 : Increase investment.
72269854 Shirley : Very good
74915134 : Gave you reasons to continue investing.
Bobbyjee : rate cut of 50bps is important to brace economy to stand and stay stable in the wake of upcoming US administration and their policies.
_Antonio_ : will try
Gunzito : Everything has its good and bad side.
COCO 2024 : Agreed. I also share this view: a 50 basis point rate cut is very important for supporting the economy and maintaining stability under the influence of the upcoming usa government and its policies.
Living Stone : I am both a discerning investor and a courageous whistle blower who recently experienced job loss as a result of whistle blowing. I am hopeful the new jobless rate will bring innovative opportunities that will elevate my career to new heights and empower me to make even more informed investment decisions.
Eimad : The pain is coming regardless, stop the bleeding by a cut or continue bleeding and needing to do a bigger cut later
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