Canada's official unemployment rate jumped in November, reaching its highest level since 2016 (outside 2020). And that was only the beginning. Given how highly synchronized US Treasury rates are with Canadian government bonds, not to mention the Fed and the Bank of Canada, we expect a lot of similarities in the real economy. This one is getting to be uncomfortably close. 

Eurodollar University's Money & Macro Analysis

Webinar w/Jim Rickards, Wednesday Dec 11 at 6:30pm ET. Sign up here:  https://event.webinarjam.com/register/26/x671piml

Yahoo!finance Canada's interest rates will likely fall. Where will they end up?
https://ca.finance.yahoo.com/news/canadas-interest-rates-will-likely-fall-where-will-they-end-up-150459864.html

CBC Jobless rate reaches 6.8% in November, highest since 2017, excluding pandemic
https://www.cbc.ca/news/business/jobs-unemployment-november-1.7403156

Bloomberg Canada Jobless Rate Jumps to 6.8%, Raising Odds of Big Cut
https://www.bloomberg.com/news/articles/2024-12-06/canada-jobless-rate-jumps-to-6-8-raising-odds-of-big-cut

Financial Post Canada's unemployment rate rises to 6.8%, raising odds of jumbo interest rate cut
https://financialpost.com/news/economy/canadas-unemployment-rate-rises-to-6-8

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU