Tatsiana Ketrar
On April 8th at 11.00GMT Statistics Canada published its Еmployment Chаnge report for March.
Previous value 15.1K Forecast 27.8K
Еmployment Chаnge is one of the first Australian indexes of the Canadian labor market released at the beginning of every month. It is a macroeconomic indicator showing the quantitative change in the amount of jobs. The indicator is very significant as it shows any changes in the CPI value, which is the main inflation index. Creating new jobs means economic recovery, which naturally has a positive impact on the national currency (the Canadian Dollar in particular).
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Last week’s data provided by the government indicated the recovery of the industrial sector and some GDP growth within 4 months in a row. Investors keep monitoring the situation.
The economists interviewed by Bloomberg News expected Canada to create 30K new jobs after a shift towards 15K a month ago. However their forecast failed. There was a big gap between the forecast and the actual data (a 15K decline).
The Analytic Agency under expects the Canadian Dollar to decline in value.
The data are published within the first 8 days of the month following the reporting month.
Tatsiana Ketrar
