Canadian Average Weekly Earnings YoY (Jan) Y/Y 2.0% (Prev. 1.9%)
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Russia's Kirishi oil refinery (355k-400k BPD) has stopped oil processing following Ukrainian drone attacks, according to reports
US PRE-MARKET MOVERS: ARES, JBLU, WS, MARA, NAVN, MLKN, QCOM, ADBE
Canadian Average Weekly Earnings YoY (Jan) Y/Y 2.0% (Prev. 1.9%)
NATO Secretary General Rutte says it's hard to forecast consequences from Middle-East conflict; Supply of equipment to Ukraine from the US under Purl initiative also continues
NATO Secretary General Rutte says there are 30 nations involved in the talks around keeping shipping lanes open
On the Newsquawk feed at , 20 minutes before this page.
Context
The increase in Canadian Average Weekly Earnings YoY from 1.9% to 2.0% suggests a moderate improvement in wage growth, which could indicate strengthening consumer spending power. Given the current economic climate, this uptick may influence the Bank of Canada's approach to monetary policy, reinforcing the possibility of maintaining or tightening their stance if inflationary pressures continue. Overall, it's a positive signal for growth but needs to be weighed against other economic indicators.
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