Share: Canadian jobs figures may tilt market pricing towards another BoC rate hike, but watch for data volatility, economists at ING report. Key jobs figures to steer rate expectations As it often happens, Canadian jobs figures will be released at the same time as the US ones, and the USD/CAD reaction will depend
April-July deficit of $1.24 bilion vs year-ago surplus of $6.33 billion Canadian polls have strongly turned against Justin Trudeau and there’s a decent chance he steps down in short order. This article was written by Adam Button at www.forexlive.com. لینک منبع : هوشمند نیوز
1400 US Eastern time, 1800 GMT: Bank of Canada Deputy Governor Sharon Kozicki will deliver a speech at the University of Regina in Saskatchewan. Topic: How household differences have affected monetary policy since the onset of the Covid-19 pandemic The Bank of Canada appear to be set to hold rates for a period of time
Prior was -6.4K Full time +32.2K vs +1.7K prior Part time +7.8K vs -8.1K prior Participation rate 65.5% vs 65.6% prior Average hourly wages permanent employees +5.2% y/y vs +4.7% expected (+5.0% prior) Total average hourly wages 4.9% y/y vs 5.0% prior Unemployment rate 5.5% vs 5.5% prior Participation rate 61.9% vs 62.0% prior Involuntary
The decision was expected by markets: From RBC’s response, analysts at the bank note that while headline CPI has slowed, the BoC’s preferred core measure remains persistently above the 2% target. Inflation is likely to gain in the near term: Wage growth is still high oil prices higher in recent weeks RBS note that rates
Canada PMI Prior was 49.6 Fourth month below 50 Lowest since June 2020 Fifth straight decline in new orders; lowest since March Full report Commenting on the latest survey results, Paul Smith, Economics Director at S&P Global Market Intelligence said: “Canada’s manufacturing sector continued to struggle during August, with output and new orders falling at
Share: The Canadian economy unexpectedly contracted during the second quarter, as indicated by data released on Friday. Analysts at CIBC point out that the decline in consumption is likely to hinder any future interest rate hikes by the Bank of Canada. Key Quotes: Forest fires may be taking a few decimal places off
Monday is Labor Day in the United States and Canada so the stock, bond and futures markets will be closed while the FX market will be severely thinned. The economic calendar is bare and I wouldn’t expect too much drama. Remember: Safety first in the forex market لینک منبع : هوشمند نیوز
Prior was +0.2% June advance reading was 0.0% Ex autos -0.8% vs +0.3% expected (prior was 0.0%, revised to -0.3%) July advance reading +0.4% June year-over-year sales -0.6% vs +0.5% prior Sales ex autos y/y -3.3% Vehicle sales are the only thing holding up sales and I wonder how much of that is delayed orders
Canada building permits Prior was +10.5% Permits at $11.6 billion 67.2% monthly increase in the institutional component largely due to two hospital permits Non-residential permits increased 20.4% Residential permits declined 1.8% to $6.9 billion in June The total value of building permits in the second quarter declined 1.0% from the first quarter but residential up
