Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
How is the Canadian labor market doing?
Canadian jobs data will be announced on Thursday at 15:30 MT time.
Instruments to trade: USD/CAD, EUR/CAD, GBP/CAD, CAD/JPY
Canadian employment change and the unemployment rate will be announced this Thursday and will refer to the month of March. The overall unemployment in February was 5.6%, which was slightly higher than 5.5% in the previous month. In general, the picture in the labor market was moderately positive with more than 30K added jobs. In March, however, it may be difficult to expect the same it was the “hardest” month in the context of the virus damage so far. Also, the oil industry, which is central to Canada as it exports crude to the US, may take a hit and contribute to lower figures.
- If the job data is worse than the market expects, the CAD will drop.
- Otherwise, it will increase in value.
The Bank of Canada will publish a rate statement and an update on the interest rate on September 9, at 17:00 MT time.
Canada will announce the Canadian retail sales and core retail sales on August 21, at 15:30 MT time
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?