Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

CAD: Canada Reveals Labor Data

CAD: Canada Reveals Labor Data

Updated

What will happen?

Canada will reveal its jobless rate and employment change for June on July 9, 15:30 MT. What do these indicators mean? Well, the jobless rate shows the percentage of people who are unemployed and actively seeking a job, while employment change reveals how many people have become employed. The unemployment rate in Canada increased to 8.2% in May from 8.1% in April, in line with market expectations. Employment dropped by 68,000, with a major part of the decline in part-time work (-54,000).

How to trade on Canada’s employment data?

The better the labor data is – the more chances the Bank of Canada will tighten the policy, which in turn will push the Canadian dollar up.

  • If the jobless rate is less and employment change is greater than forecasted, the CAD will rise.
  • Otherwise, the CAD will fall.

Instruments to trade: USD/CAD, CAD/JPY, EUR/CAD

Check the economic calendar

push_cad.jpg

LOG IN

Deposit with your local payment systems

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com

or

Start Live Chat