Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Important indicators may affect the CAD
Canada will release CPI and trade balance data on April 17, at 15:30 MT time.
Consumer price index represents the change in the price of goods and services purchased by consumers. This is the most important inflation-related release. As for trade balance, it shows the difference in value between imported and exported goods. Last time CPI advanced by 0.7% (vs. expected 0.6%). At the same time, Canada's trade balance declined by $4.2 billion. If the actual figures are higher this time, the CAD will go up.
• If the actual levels of indicators are higher than the forecasts, the loonie will rise;
• If the actual levels of indicators are lower than the forecasts, the loonie will fall.
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
US Core monthly retails sales will be announced on Friday at 15:30 MT time.