Canadian jobs report: Numbers could support a rate hike in October - CIBC | Forex Factory

  • Canadian jobs report: Numbers could support a rate hike in October - CIBC

    From fxstreet.com

    Next Friday, the Canadian employment report will be released. Analysts at the CIBC Capital Markets, expected a net change in employment of 19K and a decline in the unemployment rate to 5.9% from 6.0%. Key Quotes: “According to the Labour Force Survey, employment gains have been hard to come by in 2018. But separately released payrolls data reveal a more positive view of hiring over the first five months of the year. We’ll side with the latter, expecting the Labour Force Survey to add to June’s employment gains with another healthy print, and continue closing the gap between the two surveys. Alongside a slight ... (full story)

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whackdiddy
Aug 3, 2018 10:05pm
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Quoting Montrealer
Employment gains is fictional in Canada. They eliminate one full-time job and create multiple part-time jobs. In Stats Canada they count it as MULTIPLE JOBS. That's why Government hires PT people only. The game of good numbers. Once investors realize the biggest lie in Canadian history - CAD will be at 1.6000. Mark my words.
America has been doing that for a number of years now.. hence the low low employment number.. but if you actually look at the sectors hospitality has gone through the roof.. So professionals and tradesmen are serving coffee or meals part time when they were full time..
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Pipmasterfx
Aug 3, 2018 11:49pm
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Quoting Montrealer
Employment gains are fictional in Canada. They eliminate full-time job and create multiple part-time jobs. In Stats Canada they count it as MULTIPLE JOBS. That's why Government hires PT people only. The game of good numbers. Once investors realize the biggest lie in Canadian history - CAD will be at 1.6000. Mark my words.
Actually, they already realized the situation. Its just matter of time to drive the price there. I agreed the cad will heading to 1.60-1.61 level area later. And i guess the current price is a good entry price level to short the cad against usd. By short cad against usd i mean buy usdcad. Happy trading guys!

Technical key : Handle and cup pattern already formed on monthly timeframe
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Montrealer
Aug 3, 2018 8:25pm — Edited
Permalink
Employment gains are fictional in Canada. They eliminate full-time job and create multiple part-time jobs. In Stats Canada they count it as MULTIPLE JOBS. That's why Government hires PT people only. The game of good numbers. Once investors realize the biggest lie in Canadian history - CAD will be at 1.6000. Mark my words.
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