Any optimism for the Canadian labor market?
Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
Will the Canadian inflation rate rise?
The Canadian year-on-year inflation rate will be released at 15:30 MT time on November 20.
The October release of the year-on-year inflation rate was 1.9%. That was below the expected 2.1%. November 20 offers a similar possibility: the forecast is the same 2.1%. If the rate is again 1.9%, that would be the third month in a row of the inflation showing no move in either direction. The analysts advise that the Canadian economy has been on a steady growth course in general, with certain internal weaknesses though. The worse-than-expected jobs data referencing the October employment dynamics may have a negative impact on the inflation rate through lower industrial activity. However, if the announced rate exceeds the market expectation, that should appreciate the Canadian dollar.
- If the inflation rate exceeds the market expectation, the CAD will rise;
- If the inflation rate does not exceed the market expectation, the CAD will fall.
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What are the details of the FOMC meeting?
FOMC will share its Meeting Minutes on April 7, at 21:00 MT time.
Will the Canadian GDP make the CAD stronger?
Canada will publish the monthly GDP growth on March 31, at 15:30 MT time.
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