Investors hope U.S. can crank out third month of job gains
TORONTO - Tired stock markets could find the impetus for another leg up this week if the American job market can manage a third, straight month of job gains in excess of 200,000.
"That`s not an overstatement at all," said Andrew Pyle, investment adviser with Scotia McLeod in Peterborough, Ont., adding that a continuing improvement in the number of people applying for jobless insurance suggests the economy can pull off another 200,000-plus number.
Rising employment in the U.S. spells good news for Canada as a stronger American economy will create more demand for Canadian exports such as oil, metals and manufactured goods.
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