Surprisingly strong labour market report to support the Loonie only somewhat – Commerzbank
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The Canadian labour market data due for publication today is likely to attract the utmost attention. Economists at Commerzbank how could the employment report impact the Canadian Dollar (CAD).
“A surprisingly strong labour market report today is likely to support rate expectations and thus the Loonie only somewhat.”
“A significant surprise to the downside on the other hand will likely put pressure on the Canadian Dollar.”
See – Canadian Employment Preview: Forecasts from five major banks, little if any gain
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