The Friday report on employment in the non-agricultural sector of Canada was mixed: the unemployment rate declined, the number of employed dropped, the number of full-time employees declined. Nevertheless, after five months of relatively strong growth in the number of full-time employed, this drop is very modest. This week in Canada, there will be no fresh data, so the focus will be the speech of Bank of Canada Chairman Steven Poloz today. If his rhetoric is more "hawkish" than the rhetoric of a monetary policy decision, USD/CAD can quickly reach 1.2700.Tuesday, 13 March 2018
Forecast on USD/CAD
The Friday report on employment in the non-agricultural sector of Canada was mixed: the unemployment rate declined, the number of employed dropped, the number of full-time employees declined. Nevertheless, after five months of relatively strong growth in the number of full-time employed, this drop is very modest. This week in Canada, there will be no fresh data, so the focus will be the speech of Bank of Canada Chairman Steven Poloz today. If his rhetoric is more "hawkish" than the rhetoric of a monetary policy decision, USD/CAD can quickly reach 1.2700.
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