Canada’s labour market could outperform the United States one this year, although analysts at TD Securities are projecting an increase in the numbers below the market expectations. Key quotes “The Canadian labour market is expected to begin 2020 on a subdued note, with employment forecast to rise by 10k in January on the heels of a 27k increase for December, which is slightly below the market consensus for 17.5k.” “More subdued job growth alongside an expected rebound in the labour force will put upward pressure on the unemployment rate, which we expect to rise to 5.7%, while base-effects should result in a deceleration in wage growth to 3.6% y/y.” “We do not see an asymmetric setup heading in to this number, and we expect Canadian 10s would outperform by 2-3bps in the event of a 30k+ miss (and vice versa), assuming US nonfarm payrolls rise in line with the market consensus.” 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 AUD/NZD: Opening longs – TDS FX Street 2 years Canada’s labour market could outperform the United States one this year, although analysts at TD Securities are projecting an increase in the numbers below the market expectations. Key quotes “The Canadian labour market is expected to begin 2020 on a subdued note, with employment forecast to rise by 10k in January on the heels of a 27k increase for December, which is slightly below the market consensus for 17.5k.” “More subdued job growth alongside an expected rebound in the labour force will put upward pressure on the unemployment rate, which we expect to rise to 5.7%, while base-effects should result… 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.
