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Thursday, August 3, 2017

Canadian economists have been absolutely dismal at forecasting

Just how bad have forecasts been? For Friday's Canadian jobs report, the consensus estimate of economists is for 10,000 new jobs. If that sounds familiar, it's because that's exactly what they forecast a month ago. A month earlier, 15,000; the month before that 10,000.
Canadian economists have been absolutely dismal at forecasting

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