Bridgewater: Lower CAD Unlikely To Offset Lower Oil Prices
U.S. employment picture is bright along with select European countries while Canada and Australian economies remain soft
As opposed to Japan, where a previous Bridgewater strategy piece noted had been lagging in wage growth, in the U.S. an acceleration in employment has correlated with a pickup in wages.
Considering the employment picture in detail, the report noted that a rising unemployment rate in January "didn’t mean much" as the uptick was driven by . . .
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