The Daily Chase: Canada adds 150,000 jobs in January; Magna misses Q4 estimates

​The Canadian labour market blew past expectations in January, adding 150,000 jobs in the month – exactly ten times the average analyst estimate.

IN CONVERSATION WITH MARK CARNEY

Sort of speaks for itself – you won't want to miss our Amber Kanwar's full sit-down interview with the former Bank of Canada governor, where a slew of topics were discussed. Of note, Carney thinks expectations that global central banks will start taking a scalpel to rates later this year are “misplaced,” given the ongoing fight to quash runaway inflation, and why he thinks price pressures are at risk of becoming entrenched. Of course, Carney – given his work as UN special envoy on climate action – also weighs in on the energy transition away from fossil fuels and the economic impact of climate change in the interview. We'll be rolling the interview out throughout the day on the network and at BNNBloomberg.ca.

MAGNA MISSES Q4 PROFIT ESTIMATES