If you’re looking for a likely catalyst that may give you an opportunity to pillage some quick pips from the Loonie, then look no further since Canada’s jobs report is scheduled for release this Friday(8 April 1:30 pm GMT)If you’re planning to trade this event, then gear up by reading up on another awesome edition of my Forex Preview for Canada’s jobs report.
last time
* Jobless rate: ticked higher to 7.3% vs. steady at 7.2% expected
* Net employment change: -2.3K vs. +10.0K expected, -5.7K previous
* Labor force participation rate: steady at 65.9%
“the leading indicators seem to be more skewed towards a possible downside surprise.” That conclusion turned out to be right since Canada’s economy saw a net loss of 2.3K jobs in February instead of gaining 10.0K jobs as expected. This marks the second straight month that Canada has been shedding jobs.
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