Canada Q2 labour productivity qq -0.3% vs -0.4% exp

Latest Canadian labour and trade data now out 2 Sept 2016

• +0.4% prev

Labour Productivity measures the change in labor efficiency of Canadian workers when producing goods and services. Productivity and labor-related inflation are directly linked, a drop in a worker's productivity is equivalent to a rise in their wage. When businesses pay more for labor the higher costs are usually passed on to the consumer.

International Merchandise Trade balance July:

• CAD -2.49bln vs -3.30bln exp vs -3.97bln prev revised down from -3.63bln

The Trade Balance measures the difference in value between imported and exported goods and services over the reported period

Slightly softer labour report and stronger trade data leaves USDCAD at the mercy of the US NFPs

Currently 1.3041 beware the large option expiries down here.

Canadian Labour productivity QQ

Canada Trade Balance July