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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)

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.
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.
Quoting Robert1991
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.
I think it will go up to 1.3280
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 .
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.
now 1.3230 , another 20 pips with USD consumer positive data
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
Quoting sadeghi
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.
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.
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
you meant the price of stocks like Dow at 27700 ( also Nas, S$P500 AND EURO STOCKS) is natural?! just based on printing and then injecting more money?! you or the ones like you or bank system put your and their money in the stock market when you know that not even your economy but the global economy is entering into a recession?!! seems irrational to me and it's opposite of most economic theories.
Quoting sadeghi
you meant the price of stocks like Dow at 27700 ( also Nas, S$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.
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.
Quoting Skracor247
{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.
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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