The Statistics Canada released CAD CPI data that came out lower-than-expected of negative 0.4% compared with forecasted negative 0.1%. Moreover, CAD Retail Sales data came out together with the CAD CPI data release with the data lower-than-expected of negative 0.4% compared with the forecasted 0.1%.
"Wage growth for permanent employees firmed to 2.2% y/y which added to the upbeat tone of the report, although this will do little to change convictions at the Bank of Canada where the broader slowdown is a more important factor." noted TD.
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| Historical Data Table: Employment Change | Economic Calendar for 11.03.2019 | ||||||||
| Date | 06.07.2018 | 10.08.2018 | 04.01.2019 | 08.02.2019 | 08.03.2019 | 12:30 PM | US Core Retail Sales m/m | ||
| Actual | 31.8K | 54.1K | 9.3K | 66.8K | 55.9K | 12:30 PM | US Retail Sales m/m | ||
| Forecast | 22.3K | 17.0K | 6.8K | 6.5K | 0.6K | 13:00PM | UK MPC Member Haskel Speaks | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 11.03.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.94574 | 0.9448 | -0.10% | AUD/CAD | 73.52% | 26.48% | |||
| CAD/CHF | 0.75053 | 0.75092 | 0.05% | CAD/CHF | 66.45% | 33.55% | |||
| EUR/CAD | 1.50848 | 1.5078 | -0.05% | EUR/CAD | 54.78% | 45.22% | |||
| USD/CAD | 1.34459 | 1.34146 | -0.23% | USD/CAD | 27.80% | 72.20% | |||