Josh Nye, a senior analyst at RBC Economics, reviews the Canadian employment data released today. The data seem not to have affected USD/CAD after the pair raised early in the morning to 1.3312. Key quotes “Today’s data suggest the labour market is far from grinding to a halt.” “Job gains over the last six months averaged a healthy 20,000 and nearly all of that was full-time work.” “A low unemployment rate—now just 0.1 percentage point above its cycle low—also goes against the BoC’s view that the economy is no longer close to full capacity.” “Today’s data reduce the urgency for the BoC to lower rates (market pricing for a cut pushed back from September to October) though we continue to think the door is open to a rate cut if the economy’s rebound early this year proves underwhelming.” 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 Oil: Prices to recover in the next weeks – ANZ FX Street 2 years Josh Nye, a senior analyst at RBC Economics, reviews the Canadian employment data released today. The data seem not to have affected USD/CAD after the pair raised early in the morning to 1.3312. Key quotes “Today's data suggest the labour market is far from grinding to a halt.” “Job gains over the last six months averaged a healthy 20,000 and nearly all of that was full-time work.” “A low unemployment rate—now just 0.1 percentage point above its cycle low—also goes against the BoC's view that the economy is no longer close to full capacity.” “Today's data reduce the urgency 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.
