- Analytics
- News and Tools
- Market News
- Canada Employment: Print-around consensus to convince the BoC to hike, suggesting upside risks for CAD – ING
Canada Employment: Print-around consensus to convince the BoC to hike, suggesting upside risks for CAD – ING
Jobs figures will be released in Canada at 12:30 GMT in what will be the last major data release before next Wednesday’s Bank of Canada meeting. Economists at ING analyze CAD outlook.
Jobs numbers in focus ahead of BoC meeting
The consensus is expecting a robust headline number (20K), despite a marginal tick-up in unemployment to 5.3%.
We are still inclined to think a print-around consensus should be enough to convince the BoC to hike next week, which is around 60% priced in, suggesting some upside risks for CAD (mostly in the crosses, given our view for a USD rebound in the near term).
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
