- Analytics
- News and Tools
- Market News
- Canada's labour market to remain solid - ING
Canada's labour market to remain solid - ING
Analysts at ING note that, at the same time as U.S. payrolls, the Canadian jobs report will be published.
- "The markets are already expecting a rebound in the headline number after the negative reading in October. Unemployment should remain around its all-time lows and continue to suggest that the Labour market is in a good place (wage growth to remain very strong too) and is no concern for the Bank of Canada.
- For now, this should contribute to keep USD/CAD below the 1.32 level.
- We still expect the BoC will cut early next year, but the reason behind such a move would mostly relate to external woes, in our view."
© 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
