Will the Canadian jobs data surprise the market?

Will the Canadian jobs data surprise the market?

The Canadian employment change and the unemployment rate will be announced at 15:30 MT on November 8.The change in the employment dynamic is an important indicator reflecting the health of the country economy. The better the condition of the real economy sector, the more jobs are created to expand production plans and foster the existing pace of development. Consequently, the more people land jobs, the less the unemployment rate and higher wage packets. The October 11 release showed better than expected data which led to CAD appreciation against USD on the day of the announcement. We will see on November 8 if the trend maintains the same or not.

  • If the jobs data is better, the CAD will rise.
  • If the jobs data is worse, the CAD will fall.

Check the economic calendar

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