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The Weekly Bottom Line : 07/01/2012
The Weekly Bottom Line : 07/01/2012
HIGHLIGHTS OF THE WEEK
United States
Data released this week showed the U.S. economy gained some traction towards the end of last year.
December's non-farm payrolls surpassed market expectations with a net addition of 200K jobs. This drove the unemployment rate down to 8.5%.
However, we should keep our expectations on a short leash. Risks to the outlook remain tilted to the downside, dominated be a grim European outlook and its potential ripple effects on this side of the Atlantic.
Canada
The Canadian economy added 18,000 net new jobs in December, following two months of job losses.
Despite December's gain, employment in Canada has been declining on a trend basis, with only 7,000 jobs created during the last six months, compared ...
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