Jobless rate held steady at 6.4% last month as economy shed 2,800 jobs: StatCan
Rise in jobless rate driven by growing labour force, rather than layoffs
It's the lowest level in more than a year
Effects likely to be focused on weaker, low-rated issuers
It's the first snapshot of the U.S. labour market since last week’s disappointing jobs data for July
Weak market signals disinflation, need for more rate cuts, company report says
Imports also climb as trade with other Asian countries improves
Rebalancing, realistic projections are key
Market reaction to geopolitical events often proves overblown
Price pressures continue pullback, led by energy