According to Jin10, Bank of Montreal chief economist Douglas Porter said Canada appears set for a reality check after employment data had outperformed expectations for some time. He said the August jobs report was undoubtedly weak but not especially surprising, partly reflecting a continued decline in the labor force population, and added that slower job and average wage growth would reinforce the Bank of Canada’s strategy of keeping rates unchanged and help ease overly high expectations for rate hikes. Canada’s overall employment fell by 41,700 in August, ending a run of strong job growth, while the unemployment rate held at 6.4%.