What You Missed in Canada's Jobs Report

The video discusses the Canadian labor market, highlighting the challenges in interpreting labor reports due to fluctuating figures. It compares the Canadian and US labor markets, noting differences in unemployment trends influenced by the oil crash. The impact of the Canadian dollar's exchange rate on exports is examined, with a focus on non-energy exports. The video concludes by emphasizing the strong dependence of Canadian exports on US demand, particularly in the context of recent US import trends.

What is a key challenge in interpreting Canadian labor market reports?

• They provide a clear narrative.

• They are always positive.

• They can be misleading if taken at face value.

• They are identical to US reports.

What event contributed to the divergence in unemployment trends between Canada and the US?

• The US housing boom

• The Canadian housing boom

• The US oil boom

• The Canadian manufacturing boom

What is the 'loonie' a nickname for?

• The British pound

• The US dollar

• The Canadian dollar

• The Mexican peso

What has been the trend in non-energy export volumes since the oil crash?

• They have significantly increased.

• They have remained flat.

• They have fluctuated wildly.

• They have decreased sharply.

What percentage of Canadian exports are destined for the United States?

• 90%

• 50%

• 60%

• 75%