Canada loses almost 20,000 jobs, the biggest drop in eight months

OTTAWA — While losses in the energy sector have been undercutting employment gains in North America, Canada has been feeling much more of the pain than in the United States. Nearly 20,000 jobs disappeared across the Canadian economy in April, the biggest drop in eight months, even though the unemployment rate remained at 6.8 per cent as many people stopped looking work.

GBP: Trading The Scottish referendum – Credit Agricole

From Credit Agricole: While likely to be highly volatile, GBP should hold above last week’s lows ahead of, and then rise following, the confirmation of a ‘no’ outcome from Thursday’s Scottish referendum. Clearly however the result is tight, and a surprise ‘yes’ outcome could produce a significant (ie, > 3%) decline in the GBP NEER.

Breakingviews: Tesco thinks unthinkable

July 21 – Tesco needs a radical reinvention and hiring Unilever’s Dave Lewis to replace CEO Philip Clarke shows necessary decisiveness, says Breakingviews, but there’s more to do yet.