Analysts at TD Securities are looking for the Canadian economy to give back 10k jobs during month of April, which will help nudge the pace of job growth lower after averaging 36k for the six months through March. Key Quotes “We have argued that recent labour market gains are unwarranted by the current economic backdrop, and while it is difficult to predict the timing of a giveback, we think this tilts the risks towards a soft print.” “Full-time employment should drive the pullback, which will add to the downbeat tone of the report, while the goods-producing sector should account for most of the jobs lost during the month with manufacturing in the spotlight after Markit PMI tipped into contractionary territory for the first time in three years.” “Job losses of 10k should see the unemployment rate edge higher to 5.9% assuming modest labour force growth while we expect wage growth to hold at 2.3% y/y.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index loses the grip post-PPI, back from 97.70 FX Street 3 years Analysts at TD Securities are looking for the Canadian economy to give back 10k jobs during month of April, which will help nudge the pace of job growth lower after averaging 36k for the six months through March. Key Quotes "We have argued that recent labour market gains are unwarranted by the current economic backdrop, and while it is difficult to predict the timing of a giveback, we think this tilts the risks towards a soft print." "Full-time employment should drive the pullback, which will add to the downbeat tone of the report, while the goods-producing sector should account for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
