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.
Canadian dollar is awaiting the jobs data
Canada will release the level of employment change and unemployment rate on October 11, at 15:30 MT time. The employment change represents the change in the number of employed people during the previous month. Last time, this indicator showed a great increase by 81.1 thousand jobs. The unemployment change, which is the percentage of the total unemployed workforce, stood at the same level of 5.7%. That scenario resulted in the rise of the Canadian currency. If this time the situation repeats itself, bulls of the CAD will be excited again.
• If the employment change is higher and the unemployment rate is lower than the forecasts, the CAD will go up;
• If the employment change is lower and the unemployment rate is higher than the forecasts, the CAD will go down.
Similar
Volatility for the EUR is coming
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Will the Canadian dollar rise?
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
Latest news
Greatest sale of Bitcoin, Biden talks about huge taxes
The greatest sale of Bitcoin keeps going.
Stocks that make news this week
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
The pack of PMIs to boost the euro
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
Deposit with your local payment systems
