- Analytics
- News and Tools
- Market News
- Weak Canadian labor market report might slow the Loonie and send it on a nose dive – Commerzbank
Weak Canadian labor market report might slow the Loonie and send it on a nose dive – Commerzbank
The Canadian labor market report will be closely scrutinized today. Economists at Commerzbank analyze how could the Loonie react to the employment figures.
CAD could find support if the labor market remains relatively robust
If the labor market remains relatively robust despite the past rate hikes and if wage rises are decent, expectations of a second rate hike until year-end might increase, supporting CAD.
A weak labor market report on the other hand might slow the Loonie and send it on a nose dive.
See – Canada Employment Preview: Banks expect to see early cracks in the labour market
© 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
