Category: Strengthened
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Kiwi Strengthened as New Zealand Quarterly Jobs Report Surprised to the Upside
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New Zealand reported a 0.4% quarter-on-quarter increase in employment for the second quarter of 2024, confounding expectations for a 0.2% decline. The country’s unemployment rate also came in better than expected at 4.6%, slightly below the consensus of 4.7%. Wage growth also beat estimates, with the labor cost index showing…
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Canadian consumer spending strengthened broadly in April – RBC
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Red blood cells Outside From our monthly Canadian consumer spending tracker, the picture looks positive, with spending increasing in almost all categories. Retail sales, excluding automobiles, saw significant growth during the month, driven largely by higher purchases related to homes, sporting goods and apparel. These trends point to a broader…