- Analytics
- News and Tools
- Market News
- CAD: Labour data to prove supportive - ING
CAD: Labour data to prove supportive - ING
According to analysts at ING, today’s Canadian jobs report takes on a sizeable resonance given its proximity to the Bank of Canada meeting on Wednesday.
“According to a Bloomberg survey, investors are positioned for a marginal slowdown in jobs growth (+9.9k) from May and a tick-up in the unemployment rate (5.5%) from the current historical lows. Nonetheless, average hourly earnings may grow even faster in June (2.7%). Overall, the report should continue to portray a tight labour market, thereby fortifying expectations for a neutral BoC next week. We expect the loonie to hold its ground better than its G10 peers should US payrolls trigger a dollar appreciation. USD/CAD gains may be limited to the 1.310 level.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
