2012.06.08 15:12:27 MARKET TALK: Canadian Jobs Trend Still Positive -Scotia

9:12 EDT - Details of Canada's May jobs report are marginally weaker than the soft headline print of 7.7K itself, but they don't take away from what remains a "resoundingly positive trend" in recent months, Scotiabank says. But the firm also says that positive trend will not be the key influence in terms of monetary policy. "In our view, what matters more by way of how the labour market feeds into [Bank of Canada] implications is that aggregate wage growth after inflation is flat," Scotia says. (don.curren@dowjones.com) Call us at (212) 416-2181 or john.shipman@dowjones.com (END) Dow Jones Newswires June 08, 2012 09:12 ET (13:12 GMT)