+ Economy added a net 22,000 jobs in December (38,000 full time positions were added and 16,000 part-time were lost).
+ 66,000 jobs were added in manufacturing.
+ Only 4 provinces added jobs: Quebec, Ontario, Newfoundland, and Nova Scotia
+ With more people being employed, our consumer purchasing power increased by 5.1% in Q4
+ Non-farm payrolls increased 103,000 in December, vs. 175,000 forecast.
+ Private hiring rose 113,000 while government fell 10,000.
+ NBF’s Stefane Marion “expects a sizeable increase as soon as next month” and full time employment to be up 8 months in a row.
+ Global food prices recently hit a record high. Since June wheat is up 60% and corn is up 74%.
+ G20 policymakers’ are concerned for social and economic instability, protectionism, and social unrest. “…rising food prices could set back the recovery…”
+ China and Ethiopia have imposed some price controls.
+ Home-ownership rate in Canada presently stands at a record 70.2%.
+ Current yield on the S&P500 is 1.76% vs. an average of 4.29% and a low of 1.11% in August 2000.
+ China is buying 6 billion Euros of Spanish debt.
Chinese Yuan is expected to rise 5-6% vs. US dollar in 2011 according to an advisor from China’s central bank.