Canada’s jobs data in focus as loonie can’t catch a break – Forex News Preview
Posted on October 9, 2019 at 1:20 pm GMTThe latest employment data out of Canada – at 12:30 GMT on Friday – will reveal whether the economy remains an oasis of strength in an otherwise weakening global environment. Forecasts point to another decent month, but PMI surveys were not as optimistic, suggesting that a disappointment in the jobs data may be more likely. As for the loonie, the outlook seems negative. If monetary policy divergence wasn’t enough to propel the currency higher in recent months, it’s difficult to [..]