Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
How is the Canadian labor market doing?
Canadian jobs data will be announced on Thursday at 15:30 MT time.
Instruments to trade: USD/CAD, EUR/CAD, GBP/CAD, CAD/JPY
Canadian employment change and the unemployment rate will be announced this Thursday and will refer to the month of March. The overall unemployment in February was 5.6%, which was slightly higher than 5.5% in the previous month. In general, the picture in the labor market was moderately positive with more than 30K added jobs. In March, however, it may be difficult to expect the same it was the “hardest” month in the context of the virus damage so far. Also, the oil industry, which is central to Canada as it exports crude to the US, may take a hit and contribute to lower figures.
- If the job data is worse than the market expects, the CAD will drop.
- Otherwise, it will increase in value.
What will happen? BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27…
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.