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  • Labour Force Survey, October 2019

    From statcan.gc.ca

    Following two consecutive months of growth, employment held steady in October. The unemployment rate was unchanged at 5.5%. On a year-over-year basis, employment grew by 443,000 or 2.4%, driven by gains in full-time work. Over the same period, total hours worked were up 1.3%. In October, employment increased in British Columbia and Newfoundland and Labrador, and was little changed in the other provinces. Employment was down for men in the core working ages of 25 to 54, and grew for the population aged 55 and over. Employment declined in manufacturing and construction. At the same time, employment was up in public ... (full story)

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  • Post #1
  • Quote
  • Nov 8, 2019 8:37am Nov 8, 2019 8:37am
  •  sadeghi
  • | Joined Feb 2019 | Status: Member | 564 Comments
one interesting thing is that stocks are breaking records in such a condition!!! the economic global is heading towards a recession but stocks are unnaturally flying.
  • Post #2
  • Quote
  • Nov 8, 2019 8:39am Nov 8, 2019 8:39am
  •  Robert1991
  • | Joined Sep 2018 | Status: Member | 123 Comments
USD CAD only went 30 pips on this..and now it's dying..lol..pussy banks..c'mon, move your asses, let's see some pips.
  • Post #3
  • Quote
  • Nov 8, 2019 8:41am Nov 8, 2019 8:41am
  •  sadeghi
  • | Joined Feb 2019 | Status: Member | 564 Comments
Quoting Robert1991
Disliked
USD CAD only went 30 pips on this..and now it's dying..lol..pussy banks..c'mon, move your asses, let's see some pips.
Ignored
I think it will go up to 1.3280
  • Post #4
  • Quote
  • Nov 8, 2019 8:43am Nov 8, 2019 8:43am
  •  Ghass1234
  • | Joined Dec 2018 | Status: Member | 1,103 Comments
usd cad cannot move more than that , it has been moving from yesterday. i think it will go max to 1.3250, and then down due to us china optimism deal , this give cad power , Specially that rates are equal now . 1.75 so not big diffrence . plus unemployement is good .
  • Post #5
  • Quote
  • Nov 8, 2019 8:44am Nov 8, 2019 8:44am
  •  Robert1991
  • | Joined Sep 2018 | Status: Member | 123 Comments
Made my buy entry 2 min before data. After all october data, employment was sure negative, also housing and permits. Let's see where it will go. For me it's now a free risk trade, allready secured. Depends also on usd data that will come.
  • Post #6
  • Quote
  • Nov 8, 2019 8:51am Nov 8, 2019 8:51am
  •  Ghass1234
  • | Joined Dec 2018 | Status: Member | 1,103 Comments
now 1.3230 , another 20 pips with USD consumer positive data
  • Post #7
  • Quote
  • Nov 8, 2019 8:54am Nov 8, 2019 8:54am
  •  fxx360
  • | Joined Dec 2011 | Status: Member | 654 Comments
Last month's job report includes people hired for the federal election and now those jobs are gone. Jobs in the energy sectors are leaving rapidly. Canada's economy is going downhill with bone head Justin Trudeau elected for a second term.
CAD going 1.40
  • Post #8
  • Quote
  • Nov 8, 2019 9:46am Nov 8, 2019 9:46am
  •  Skracor247
  • Joined Oct 2008 | Status: Price made me do it. (0.0) | 303 Comments
Quoting sadeghi
Disliked
one interesting thing is that stocks are breaking records in such a condition!!! the economic global is heading towards a recession but stocks are unnaturally flying.
Ignored
It is not unnatural. The money that is being printed by CBs is mostly going to the banks that invest in stocks. The more money they have the higher the stock market will go.
  • Post #9
  • Quote
  • Nov 8, 2019 9:47am Nov 8, 2019 9:47am
  •  Tony112
  • Joined Apr 2008 | Status: sometimes... news come unexpected | 2,083 Comments
did you guys get the whole 10 pips move?
  • Post #10
  • Quote
  • Edited at 10:12am Nov 8, 2019 9:57am | Edited at 10:12am
  •  sadeghi
  • | Joined Feb 2019 | Status: Member | 564 Comments
you meant the price of stocks like Dow at 27700 ( also Nas, S$P500 AND EURO STOCKS) is natural?! just based on printing and then injecting more money?! you or the ones like you or bank system put your and their money in the stock market when you know that not even your economy but the global economy is entering into a recession?!! seems irrational to me and it's opposite of most economic theories.
  • Post #11
  • Quote
  • Nov 8, 2019 10:51am Nov 8, 2019 10:51am
  •  Skracor247
  • Joined Oct 2008 | Status: Price made me do it. (0.0) | 303 Comments
Quoting sadeghi
Disliked
you meant the price of stocks like Dow at 27700 ( also Nas, S$P500 AND EURO STOCKS) is natural?! just based on printing and then injecting more money?! you or the ones like you or bank system put your and their money in the stock market when you know that not even your economy but the global economy is entering into a recession?!! seems irrational to me and it's opposite of most economic theories.
Ignored
Yep, it is natural according to the laws of economics: Greater Demand = Higher price.

The Demand is artificial and debt-based. If I gave you an endless line of credit at near 0% interest you could continuously invest at a profit and pay me the tiny interest and pocket the rest. This is essentially what is going on here.

It is irrational. Unless you are following Keynesian economics, then it is still irrational.
  • Post #12
  • Quote
  • Nov 8, 2019 11:21am Nov 8, 2019 11:21am
  •  sadeghi
  • | Joined Feb 2019 | Status: Member | 564 Comments
Quoting Skracor247
Disliked
{quote} Yep, it is natural according to the laws of economics: Greater Demand = Higher price. The Demand is artificial and debt-based. If I gave you an endless line of credit at near 0% interest you could continuously invest at a profit and pay me the tiny interest and pocket the rest. This is essentially what is going on here. It is irrational. Unless you are following Keynesian economics, then it is still irrational.
Ignored
Keynesian! they are gone, i think you mean new Keynesian. not only them but the rest ( New classic, RBC, post keyn and ...) doesn't say what you claim. with regards.
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    • Older Stories  
    Building permits, September 2019

    From statcan.gc.ca|Nov 8, 2019

    The total value of building permits issued by Canadian municipalities decreased 6.5% to $8.3 billion in September, largely due to declines in the residential sector. Gains were ...

    October Housing Starts Trend Lower in Canada

    From cmhc-schl.gc.ca|Nov 8, 2019

    The national trend in housing starts decreased in October. Multi-family starts in urban centres trended lower following 4 months of consecutive gains, offsetting a modest increase ...

    China's new loans expected to fall in October but policy easing on track

    From reuters.com|Nov 8, 2019

    China’s new bank loans are expected to fall in October from the six-month high they reached in September, but the drop was probably caused by seasonal factors, as the central bank ...

    •   Newer Stories
    Barred from Wearing Glasses, Japan Working Women Take to Twitter

    From bnnbloomberg.ca|Nov 8, 2019|2 comments

    Japanese women are fighting for the right to wear eyeglasses to work, a new front in the growing movement that demands an end to the prescriptive beauty standards faced by female ...

    AUDJPY unlocks fresh highs; next key resistance 76.26

    From xm.com|Nov 8, 2019

    video AUDJPY stretched to a fresh 3 ˝-month high of 75.65 and near the 200-day simple moving average (SMA) on Thursday but it found hard to close comfortably above the 50% ...

    US Pres. Trump Says He Has Not Agreed To Tariff Rollback

    From @LiveSquawk|Nov 8, 2019|67 comments

    tweet at 10:00am: US Pres. Trump Says He Has Not Agreed To Tariff Rollback, But China ‘Would Like’ Him To - China Wants To Make Trade DealTrump says he has not agreed to roll back tariffs on China, after week of trade optimism President Donald Trump said Friday he has not agreed to scrap tariffs on Chinese goods, though Beijing would like him to do so. Stocks fell to their sessions lows following Trump’s comments, as optimism had risen about the prospects of the U.S. scrapping duties. On Thursday, Chinese Commerce Ministry spokesperson Gao Feng said negotiators from Washington and Beijing “agreed to remove the additional duties imposed on each other’s products in different phases after they make progress” in striking a trade deal,” according to a CNBC translation. Gao did not specify how much of the tariffs the world’s two largest economies would revoke.

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  • Story Stats
  • Posted: Nov 8, 2019 8:34am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 12  /  Views: 4,446
  • Linked events:
    CAD Employment Change
    CAD Unemployment Rate
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    From seco.admin.ch|Nov 8, 2019
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