Full time employment in Canada plunged in the last month as the global commodity crash continues to plumb new lows.
Countries that depend on exporting finished goods are aggressively devaluing their currencies. So far in 2015 Canada has dropped its bank rate twice (January and July) and the markets have obeyed by shorting the CAD and Canadian equities.
But as I have been reporting on my chart mashup of Canadian Household Debt, GDP, Foreign Direct Investment and Balance of Trade; Canadian capital investment is flowing offshore to where the low labour rates are. More charts at www.chpc.biz