Canadian Average Hourly Wages YoY (Apr) Y/Y 4.8% (Prev. 5.1%)
The April year-on-year increase in Canadian average hourly wages dropped to 4.8%, down from the previous 5.1%.
Iranian Revolutionary Leaders says that Iran will secure the region of the Persian Gulf, RNA reports
US PRE-MARKET MOVERS: CRWV, AKAM, MCHP, IREN, COIN, NKE
Canadian Average Hourly Wages YoY (Apr) Y/Y 4.8% (Prev. 5.1%)
US Secretary of State Rubio says Thursday strikes were separate from Operation Epic Fury; if missiles are fired at the US, we're going to respond
USTR Greer says goal with China is stability; China should be important buyer of US ag and medical device
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This decline suggests a cooling in wage growth, which could impact inflation expectations and therefore influence the Bank of Canada's monetary policy stance moving forward. Traders should monitor these developments for potential implications on the CAD and interest rates.
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