FINWIRES · TerminalLIVE
FINWIRES

罗森伯格研究公司称,加拿大经济“缺乏充满活力的就业市场”。

-- 加拿大最新就业数据并无太大意外。罗森伯格研究公司在周五的劳动力调查(LFS)后表示,3月份新增就业岗位14100个,略低于此前普遍预期的15000个。 该研究指出,这仅弥补了2月份83900个就业岗位的骤减,并补充道:“只有当你认为‘持平即增长’时,才有可能对这些数据做出积极的解读,因为自去年6月以来,加拿大的就业形势实际上已经停滞不前——这是自2020年底以来加拿大从未经历过的疲软时期,当时人们认为新冠疫情永远不会结束。” 该研究指出,继2月份全职就业岗位锐减108400个之后,上个月又减少了1100个。罗森伯格指出,过去六个月全职岗位减少了4万个,这本身就说明了很多问题。与此同时,劳动力市场明显转向兼职就业,兼职岗位同期增加了8万多个。他还提到,失业率仍然居高不下,达到6.7%,就业人口比率也停滞在60.6%。 就影响就业形势的行业而言,研究指出,批发/零售业减少了6700个工作岗位,并且在过去五个月中有四个月出现下滑;酒店/餐饮业裁员1万人,并且已经连续四个月出现下滑。罗森伯格指出,当面向消费者的行业如此大规模地裁员时,这无疑表明加拿大市场的需求已经跌至谷底。 根据这项研究,银行业看到了宏观经济多头所看不到的一个有趣的矛盾:金融业在2月份裁员8700人之后,3月份又净裁员11200人——这是自2023年9月以来,甚至更早的2020年4月以来,连续裁员幅度最大的一次。 可以说,如果说有什么是确定的,那就是加拿大经济缺乏充满活力的就业市场。事实上,用“僵化”来形容更为贴切。

Related Articles

Research

Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.

$OTIS
Asia Markets

Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled

The Tadawul All Share Index closed Sunday 0.11% higher as investors assessed the latest updates regarding the conflict in the Middle East.US President Donald Trump said on his Truth Social account that the Pakistani trip for his envoys, Steve Witkoff and Jared Kushner, was canceled. The announcement dimmed the hopes for peace talks between Iran and the US to happen any time soon.Further to this, Israel launched an attack in Lebanon on April 25. The strikes, which targeted Hezbollah, resulted in four casualties and facility damage in Southern Lebanon.Back at home, Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, and Thob Al Aseel (SASE:4012) posted their financial results for the three months ended March 31. Petro Rabigh emerged from a loss in the first quarter, while Thob Al Aseel logged a higher net profit and revenue."The reason for net profit reported during the current quarter compared to a net loss recorded in the same quarter of last year was primarily attributable to improved product margins resulting from stronger refined product pricing and higher sales volumes," Petro Rabigh said in its report.Petro Rabigh rose 10% at closing, while Thob Al Aseel ticked down 1.59%.Meanwhile, the local calendar will be mostly empty except for the kingdom's preliminary figures for its GDP growth rate for the first quarter and the M3 money supply and private bank lending data for March on Thursday.

$^TASI$SASE:2380$SASE:4012
Research

Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.

$URI