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Forex Flash: Canada employment to fall by 20K in March instead of the +8.5K consensus – TD Securities
FXstreet.com (Barcelona) - Besides of the US nonfarm payrolls report, the economic calendar will have interesting indicators for the CAD, including employment data: “The chasm between the labour market and the wider economy reached an extreme level in February with the creation of +51K jobs. With real GDP growth mired well below its trend rate—Q1 is tracking around 1.5%—we are due for some payback and expect -20K in March (consensus +6.5K)”, wrote TD Securities analysts, forecasting the unemployment rate to edge higher from its cyclical low of 7.0% to 7.1%.
