Canada Posts Biggest Job Loss Since 1982

Canada Posts Biggest Job Loss Since 1982, Pushing the Unemployment Rate Higher

The economic outlook for Canada remains dim as its biggest trading partner, the United States, heads into its longest recession in a quarter century, which could lead the Bank of Canada to ease policy further as demands from the global economy deteriorate.

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• USDCAD – Canada posted its biggest job loss since 1982 as the economy shed 70.6K jobs in November, and raised the unemployment rate to a two-year high of 6.3% from 6.2% in October. The breakdown of the report showed that firms cut 32.4K full-time employees during the month, which was followed by a 38K drop in part-time jobs. The economic outlook for Canada remains dim as its biggest trading partner, the United States, heads into its longest recession in a quarter century, which could lead the Bank of Canada to ease policy further as demands from the global economy deteriorate. Discuss the topic and your trade ideas in the USD/CAD Forum.

• EURUSD – German factory orders plunged to a record low as demands fell 6.1% in October despite expectations for a 0.5% decline. Economic conditions may only get worse next year as demands from home and abroad deteriorate, which would ultimately heighten the downside growth risks for the Euro-Zone. The breakdown of the report showed that domestic orders fell 6.1% from September, while foreign orders slipped 6.2%. The data continues to reflect a dour outlook for Europe’s largest economy as trade conditions deteriorate, and may lead the European Central Bank to ease policy further over the coming months as price pressures alleviate. Discuss the topic and your trade ideas in the EUR/USD Forum.


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A trading psychology, it is based on how well you know yourself and are able to gain from your strong points, as well as to have power over you weak ones, has much to do with how successful trader you will be. When you really know yourself, then you are familiar of how you are going to react under specific circumstances and you can protect yourself from self-damaging actions or decisions when it comes to managing a trade.


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