The Canadian employment change and the unemployment rate will be announced at 15:30 MT on November 8.
The jobs data may push the CAD up
Canada's jobs data is expected on February 8, at 15:30 MT time.
The employment indicators are very important, as they show the level of consumer spending in the country. Last time the actual figures supported the CAD. In particular, the level of employment change reached 9.3 thousand jobs (vs. the forecast of 6.8 thousand) and the unemployment rate fell to 5.6% (vs. the forecast of 5.7%). If this time the situation repeats itself, the CAD will be stronger.
• If the employment change is higher and the unemployment rate is lower than the forecasts, the CAD will move up;
• If the employment change is lower and the unemployment rate is higher than the forecasts, the CAD will fall down.
The United States will release the headline and core retail sales at 15:30 MT on November 15.
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
The Reserve bank of New Zealand will release the monetary policy statement and its interest rate at 3:00 MT on November 13.