Job data for Canada: a relief or another disappointment?
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
Another opportunity for the Canadian dollar
The level of GDP growth for Canada will be published at 14:30 MT time. This indicator is the broadest measure of economic activity which reflects the economic health of the country. Last time, the indicator came out lower than the expectations. It made the Canadian dollar suffer. If this time the situation is different, we may see the CAD going up.
• If the actual level of GDP growth is higher, the CAD will go up;
• If the actual level of GDP growth is lower, the CAD will go down.
Similar
Will the Canadian dollar rise?
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
Will the pound keep standing?
UK Preliminary Quarterly GDP is out on Thursday at 09:00 MT time.
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