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Canadian dollar is awaiting the jobs data

Canadian dollar is awaiting the jobs data

Information is not investment advice

Canada will release the level of employment change and unemployment rate on October 11, at 15:30 MT time. The employment change represents the change in the number of employed people during the previous month. Last time, this indicator showed a great increase by 81.1 thousand jobs. The unemployment change, which is the percentage of the total unemployed workforce, stood at the same level of 5.7%. That scenario resulted in the rise of the Canadian currency. If this time the situation repeats itself, bulls of the CAD will be excited again.

• If the employment change is higher and the unemployment rate is lower than the forecasts, the CAD will go up;

• If the employment change is lower and the unemployment rate is higher than the forecasts, the CAD will go down.

Check the economic calendar

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